Zambian President Hakainde Hichilema commissioned the Kafue Gorge Lower Hydropower Station March 24, by switching on the fifth and last of the dam’s five 150 megawatt generators, bringing power-needy Zambia 750 MW of electricity.
China played a role in the dam’s construction, with Sinohydro Corporation Limited constructing the hydroelectric dam, at a contract price reportedly of $2 billion. Two of China’s big policy banks, the Exim Bank of China and the Industrial and Commercial Bank of China, financed 85% of the project at an inexpensive interest rate; Zambia put up by itself the rest of the financing.
Some 3,000 Zambian workers constructed the dam. One can see about 25 of them lining a dam wall at the commissioning ceremony: most are smiling and waving to honor the accomplishment. (http://en.people.cn/n3/2023/0327/c90000-10227471.html)
