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DAM-L Sudan to build gigantic hydroelectric dam/LS (fwd)



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Date: Fri, 2 Nov 2001 16:45:17 -0800
To: irn-safrica@netvista.net
From: Lori Pottinger <lori@irn.org>
Subject: Sudan to build gigantic hydroelectric dam/LS
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Sudan embarks on gigantic hydroelectric dam project

           Khartoum, Sudan (PANA) -  Sudan has signed a 150-million-dollar
loan agreement with the United Arab Emirates-based Arab Fund for
Socio-economic Development to co-finance the first phase of the Merowe Dam
Project, finance minister el Zubair Ahmed Hassan said in Khartoum. Hassan
said he also signed on Thursday another loan agreement with the Kuwaiti
Development Fund covering 100 million dollars to co-finance phase one of
the Merowe Dam Project, located 600km north of Khartoum. He said the
Sudanese government would next week sign pacts with the Saudi Development
Fund and the Abu Dhabi Fund whereby each will provide 150 million dollars
loans, also for the first phase of the dam which would hopefully make the
country self-sufficient in electric power. The first phase of the project,
whose tenders have already been called in Khartoum and in London, targets
the construction of the dam's concrete body. Sources at the ministry of
irrigation put the dam's overall cost at 2000 million dollars, to be paid
from the government's coffer and loans from foreign lending institutions.
Upon completion, the dam is expected to provide 1000-1500 megawatts of
electricity. Sudan's current power production is estimated at 500 megawatts
drawn from two hydroelectric power stations and several thermal stations.
Abdulhameed el Naglai, who signed for the Arab Fund for Socio-Economic
Development, said electric power to be generated from the dam "will
constitute a U-turn in the life of Sudanese".
Khartoum - 02/11/2001




Ryan Hoover
Africa Campaigns
International Rivers Network
1847 Berkeley Way
Berkeley, CA 94703
USA
Phone: (510) 848-1155  Fax: (510) 848-1008
www.irn.org

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