Mozambique: China Eximbank to finance Mepanda Nkua Dam

The Mozambican government on Thursday (April 21) signed a memorandum of understanding with the Export-Import Bank of China (China Eximbank) for financing the Mepanda Nkua dam and hydro-electric station on the Zambezi, in the western province of Tete. The cost of the dam, the power station, and the transmission line from Tete to Maputo is put at 2.3 billion US dollars.