21.07.2015
On Saturday, 10 July, the recanalization of the Rio Wele took place—an essential phase in the construction project of the Djibloho Hydroelectric Power Station. The Minister of Mines, Industry and Energy, H.E. Mr Gabriel Mbaga Obiang Lima, in his position as sector head and President of the Steering Committee for the Restructuring of SEGESA, highlighted the activity of “SEGESA Holding”. The institution, in its process of industrialisation as enacted by the Government of the Republic of Equatorial Guinea, has given a timely, decisive boost to the energy sector by diversifying its productive and commercial activities.
As we all know, electric power is fundamental—it is the engine of all industry, promoting rural development, as well as global, sustainable development. A strong energy sector is one of the key economic indicators that predicts the best development of a nation, and the Ministry of Mines, Industry and Energy could not project anything without a guarantee of safe, clean and permanent energy. Because of this, it is a priority of the Government to focus its strengths on bettering available renewable resources in the country, thus ensuring an Equatorial Guinea for today and tomorrow.
With an investment of $240m, the 120-MW Djibloho Hydroelectric Power Station thus forms the third-largest electric power station in terms of productive capacity in the Republic of Equatorial Guinea, after Sendje and Turbogas. Since 2007, the Government has invested $2bn in electrification projects across the country. We are already reaching 600 MW nationally, thus seeing the culmination of the plan for 80% of national electrification. Investments that follow the guidelines of the PEGI 2020 will allow much more progress in the future, and will provide the country with clean energy, enhancing the competitiveness and growth of the industry.
The recanalization event ended satisfactorily with the remarks of the Prime Minister, H.E. Mr Vicente Ehate Tomi, who congratulated the Ministerial department for its relentless delivery which benefits the welfare of the people and the continued development of Equatorial Guinea. He also toasted the Chinese Government, not only for its support on this project, but also for its support in the materialisation of the Government’s vision of electrifying all the national territory, placing at our disposition compatible businesses like its national electric company SINOHYDRO. The Prime Minister also congratulated the staff of SEGESA who contributed to today’s success as well, marking an historic day with the recanalization of Rio Wele, an essential step in the construction project of the Djibloho Hydroelectric Power Station.
Image: guineaecuatorialpress.com
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