Chinese solar panel makers may bulk up in Afria after China finishes building one of the biggest solar power stations on the continent.
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Chinese solar panel makers will supply most of the 140 million U.S. dollars needed to build a solar power station in Garissa, Kenya, according to state-owned China Jiangxi Corporation for International Economic and Technical Cooperation, the deal's coordinator.
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The coordinating company said Wednesday that the project will serve as the base for China's biggest solar panel makers to expand their presence in Africa.
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The solar power station can generate 76 million kilowatt hours of electricity annually and provide power for about 350,000 people, or half of Garissa's population.
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The deal was inked as the European Union slapped anti-dumping tariffs on solar panels made in China.
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Chinese solar companies, mired in debt and overcapacity, are in great need to find alternative markets, as their biggest importer will probably buy less due to the duties.
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