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PRIVATIZATION PROGRAM REVITALIZES A CRUCIAL INDUSTRY |
MALI >Energy sector |
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In
a country as arid as Mali, nothing is more important than water. The
main source of the countrys water is the Niger River, which is
being tapped for irrigation in order to make more lands available for
agricultural development.
At
present, however, only 3% of water from the reservoir behind the dam
is used during the dry season, and a mere 1% during the rainy season.
The possibilities are enormous, as the president and general manager
of the Office du Niger, Issoufon Keita, points out. The agriculture sector has been further hindered by a lack of available energy. All that is expected to change, however, with the partial privatization of the state-owned water and electric power utility Energie du Mali (EDM).
Its
general manager, Amadou Tandia, says the privatization,
in which a 60% stake will be sold to a strategic partner, is needed
to finance major expansion in the capacity and distribution networks
of both power and water. The remaining 40% will be held by the state,
the companys employees, and by private Malian and other West African
investors. |
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