Guinea’s 450-MW Souapiti Project
|Venue : Guinea|
Souapiti is located on the Konkoure River near Conkary. The project is a result of the government of President Alpha Condé’s commitment to use hydropower to improve access to electricity. Reliable access to electricity to all social classes’ remains challenging to this country nicknamed “Africa's water tower”. The rate of electricity access was estimated at 29 percent in 2017, which is below that year’s average for sub-Sahara Africa of 43 percent.
The Souapiti dam is financed by the state-owned policy bank Export-Import Bank of China (China Eximbank) which accounts 49% of the project shares and being built by China International Water and Electric Corporation (CWE).
Upon completion, a large part of the electricity produced will be sold to the mining industries and exported to neighbouring countries, including Gambia, Senegal, Guinea-Bissau, Sierra Leone, Liberia and Mali.