By: Reuters

Mozambique is close to a deal with China that would pave the way for a $300-million hydro-electric dam in Maputo, Public Works and Housing Minister Felicio Zacarias said on Monday.

China's Export-Import Bank (Eximbank) already has agreed to finance studies for the Moamba Major project, which would expand the supply of electricity as well as drinking water in the Mozambiquan capital, Zararias said.

The talks could see the Chinese taking a much larger stake in the project, according to Zacarias, who did not provide further details.

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Posted by pichu at March 19, 2007 5:09 PM