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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

East Timor kills Chinese power deal

Posted on 03 December 2008

From Atimes.com: A US$390 million power project tendered to Chinese investors was to be the defining action of the Parliamentary Majority Alliance (AMP) coalition government, with the infrastructure seen as crucial for improving livelihoods and attracting foreign investment to this impoverished island nation.

It was announced in October that the Chinese Nuclear Industry 22nd Construction Company had been awarded the tender to build two power generating stations - one in Manatuto district in central Timor and another on the country’s south coast - and an electricity grid, with the project budgeted over four years….. Full Article: Source


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