Russia’s largest diamond producer Alrosa will spend USD 23 million in 2004 to build a hydroelectric power plant in Angola. The USD 45 million hydroelectric power plant, which will have a capacity of 16MW, will begin operation in late 2005. The facility will allow the building of the second section of the Catoca mining enterprise, which will help raise uncut diamond output to GBP 350 million a year. The hydroelectric plant will also supply electricity to the Kamachia and Kamajiku diamond fields as part of the Luo project. Alrosa is currently engaged in three projects in Angola: the Catoca company, the Luo diamond field, and the hydroelectric plant.
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