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GrainEater@lemmygrad.ml

China gave a $564.02 million loan to Côte d'Ivoire at only 2.0% interest to build a hydropower dam which is more favorable/concessional than market norms. (china.aiddata.org)

submitted 10 months ago by yogthos@lemmygrad.ml to c/china@lemmygrad.ml

5 comments fedilink hide all child comments

Completed in 2017, the 275MW Soubré dam and hydroelectric power plant is wholly owned and operated by Société des Energies de Côte d’Ivoire (CI-ENERGIES) — a state-owned company under the management of the government of Côte d’Ivoire.

The power plant will provided endless renewable energy for decades if not centuries with the proper maintenance. This reduced the need for fossil fuels, yes, but also, and importantly, reduces dependency on the importation of fossil fuels.

Another benefit is the control over water and therefore better agricultural yields, fewer floods, and control over national utilities.

Finally, the dam created local jobs during construction, serviced skills transfers, and will serve to drive local tourism to see the national pride that is the dam.

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[–] Jonathan12345@lemmygrad.ml 1 points 10 months ago (1 children)

BuT mUh DeBt TrAp DiPlOmAcY

[–] sooper_dooper_roofer@hexbear.net 1 points 10 months ago

Have you considered that if crackers don't benefit from something, it's a debt trap?

[–] NikkiB@lemmygrad.ml 1 points 10 months ago (1 children)

This must be the Chinese imperialism libs keep screeching about.

[–] MasterDeeLuke@lemmygrad.ml 1 points 10 months ago (1 children)

Imperialism is when country do stuff inside other country.

[–] ExotiqueMatter@lemmygrad.ml 1 points 10 months ago

Imperialism is when the government does stuff in an other country, the more stuff it does the more imperialist it is and if it does a real lot of stuff that’s colonialism.