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A Gabon official said TBEA, a Chinese energy company, would invest 180 million euros in Gabon's hydropower projects
with Gabon's sovereign wealth fund.
TBEA will invest 180 million euros in the construction of the Gabonese hydropower project
Liban Soleman, general coordinator of the Gabon Coordination and Planning Authority, told Reuters in an interview in Beijing that construction of the project will begin soon and that the first phase will have a generating capacity of 70 megawatts
.
"The project will be divided into multiple phases
.
" Soleman told the Forum on China-Africa Cooperation that the project, called FE2, is located in northern Gabon, near the border area
between Cameroon and Equatorial Guinea.
Gabon is a member of the Organization of the Petroleum Exporting Countries (OPEC) and one of
the world's largest manganese producers.
Gabon is struggling to diversify its economy, which is expected to grow by about
2.
2 percent this year.
According to the website, TBEA will make a direct investment rather than a debt
.
TBEA sees the deal as a public-private partnership
with Gabon's Strategic Investment Fund, the website said.
Soleman added: "Chinese companies have a lot of foreign direct investment in Gabon, usually in special industrial zones
.
”
Another example is Jiangsu Wanlin Modern Logistics Co.
, Ltd.
, which invested between $50 million and $100 million to start building a high-quality furniture factory
in Libreville, the capital of Gabon.
，
A Gabon official said TBEA, a Chinese energy company, would invest 180 million euros in Gabon's hydropower projects
with Gabon's sovereign wealth fund.
TBEA will invest 180 million euros in the construction of the Gabonese hydropower project
TBEA will invest 180 million euros in the construction of the Gabonese hydropower projectLiban Soleman, general coordinator of the Gabon Coordination and Planning Authority, told Reuters in an interview in Beijing that construction of the project will begin soon and that the first phase will have a generating capacity of 70 megawatts
.
"The project will be divided into multiple phases
.
" Soleman told the Forum on China-Africa Cooperation that the project, called FE2, is located in northern Gabon, near the border area
between Cameroon and Equatorial Guinea.
Gabon is a member of the Organization of the Petroleum Exporting Countries (OPEC) and one of
the world's largest manganese producers.
Gabon is struggling to diversify its economy, which is expected to grow by about
2.
2 percent this year.
According to the website, TBEA will make a direct investment rather than a debt
.
TBEA sees the deal as a public-private partnership
with Gabon's Strategic Investment Fund, the website said.
Soleman added: "Chinese companies have a lot of foreign direct investment in Gabon, usually in special industrial zones
.
”
Another example is Jiangsu Wanlin Modern Logistics Co.
, Ltd.
, which invested between $50 million and $100 million to start building a high-quality furniture factory
in Libreville, the capital of Gabon.
，
