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China plans to spend $1-billion to help build a power plant to boost Zambia's electricity supply by 600 MW.
China was ready to provide equity amounting to $1-billion for the Kafue Gorge Lower power plant.
Construction of the plant was expected to begin next year, and will be completed in 2017.
The government has said the Kafue Gorge Lower power plant, estimated to cost $1,5-billion, will help reduce a power deficit expected in 2011, due to increased mining output as more foreign owned mines bring their new projects into production.
News date: 11/05/2010