Tuesday, June 20, 2006

Energy: China likely to finance hydroelectric dam in Ghana

Officials in Ghana have said that China is likely to finance a US$600 million hydroelectric dam in northern Ghana, which could boost the country's gold and iron ore industries.

The announcement was made during a visit by Chinese premier Wen Jiabao. Reuters reports that a joint communique issued as Wen left Ghana for Congo Republic, said China was ready to continue discussions to find a "win-win solution" for the project but it gave no further details.