Italy's Eni Plans to More Than Double Congo Republic's Electricity Supply
February 19 2020 - 8:00AM
Dow Jones News
By Emmanuel Tumanjong
Special to Dow Jones Newswires
Italy's Eni SpA said it plans to increase power supply in the
Republic of Congo, after President Denis Sassou Nguesso inaugurated
a new electricity turbine at the Central African nation's chief
power supplier.
Guido Brusco, executive vice president for Sub-Saharan Africa at
Eni--which owns 20% of Centrale Electrique du Congo--said
possibilities for the construction of a fourth turbine is already
underway to allow the country to increase its power generation to
1,000 megawatts.
The cost of the investment for the current turbine was not made
public, but Mr. Brusco said new investments for the fourth turbine
will enable Congo to market energy to neighboring countries.
Write to Barcelona Editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
February 19, 2020 07:45 ET (12:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
ENI (NYSE:E)
Historical Stock Chart
From Jun 2024 to Jul 2024
ENI (NYSE:E)
Historical Stock Chart
From Jul 2023 to Jul 2024