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Namibia and Angola plan to build a joint $7 billion hydro power plant on a river that runs along their common border. The plant will have a capacity of 400 megawatts.
The contruction of the 400 MW plant Epupa Hydro project on the Kunene river is likely to start in March next year. The construction period is estimated at five to eight years.
The project is likely to be constructed by a Brazilian state firm and three other companies from the south American country. Other bids to build the facility had come in from firms in South Korea and Germany.
The plant would be built on a 50/50 basis by the two countries, which would share the electricity produced.
News date: 21/04/2009