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22 October 2004 - Energy ministers from Angola, Botswana, Congo, Namibia and South Africa are today set to sign an agreement on a joint power project.
South Africa's Minister for the Department of Minerals and Energy said that the project, created with the aim of providing low cost electricity, will be called the Western Power Corridor Project and will be put together by power utilities in the five countries.
The project will be environmentally friendly and is designed to ensure the economic development of the region will not be constrained by energy shortages.
The project is part of the New Partnership for African Development, a programme adopted by the African Union for the economic development of Africa.
Among the project plans are the building of hydropower stations in the Congo, Angola and Namibia and the increasing of trade electricity by investing in joint venture projects that allow the sharing of capital costs.
The participating countries will also sign an inter-utility memorandum of understanding to allow the formation of a joint venture company to be registered in Botswana's capital, Gaborone, with a 20 per cent shareholding by each of the utilities.
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