Equatorial Guinea, has signed a number of multiple memoranda of understanding (MOUs) with Chinese companies covering large areas of cooperation in the power and industrial sectors. The agreements were made during the Equatorial Guinea-Asia Economic Forum, hosted by the government of Equatorial Guinea in Dalian, China on April 30. The economic forum was organised in Dalian to introduce investment opportunities in Equatorial Guinea to Chinese companies.
The MOUs comprise the following:
• A memorandum of understanding with CDIG for the execution of a study for the development of the Industrial City of Mbini. Within the agreement, CDIG will undertake preliminary technical studies and will explore key areas to promote the Industrial City of Mbini to international investors. The Industrial City of Mbini is planned to be a key reference point for investment in West Africa and an important component in Equatorial Guinea’s plans to diversify its economy.
• A memorandum of understanding with the China State Construction Engineering Corporation for the planning and development of the Petroleum Industrial City of Luba.
• A memorandum of understanding with Sinohydro Corporation for a feasibility study on the development of a new hydroelectric plant on the Wele River, in Equatorial Guinea.
, as well as electrification projects in Mongomeyen and the mainland city of Bata.
• A memorandum of understanding with the China Machinery Engineering Corporation (CMEC) for a technical and financial viability study to build a new combined cycle 100 MW power plant in the city of Kogo.
• A memorandum of understanding with the CMEC for a technical and financial viability study for the establishment of an interconnection electricity grid in the CEMAC region.
• A memorandum of understanding with the CMEC for a technical and financial viability study to build street lamps and related public lighting infrastructure in the Industrial City of Mbini.
The agreements followed a state visit by Presiddent Teodoro Obiang Nguema Mbasogo, during which Equatorial Guinea reached multiple agreements with China to strengthen economic and political ties.