The costs of the new joint dam on the Kunene River in the north of Namibia will amount to US$1.37 billion and produce 600 megawatts of electricity, according to the findings of the feasibility study, published in Luanda.
The dam is planned to be built jointly by Angola and Botswana.
The future Baynes Hydroelectric Facility, which covers part of the Namibe province (south of Angola), will be shared by the two countries in terms of electricity and the remaining 70 percent will be secured through bank financing. 30 percent of the total investment required will be provided by countries.
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