According to Charles Wereko-Brobby, then President of the Volta River Authority, Bui Dam was not considered the least–cost option and could not meet “immediate” energy needs.
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In 1999 the Volta River Authority, the country’s power utility, signed an agreement with the US firms Halliburton and Brown and Root to build the dam without issuing a competitive bid.
Recently the China Export and Import Bank (Exim Bank) granted US$562 million loan for the construction of the US$622 million Bui hydro-electric dam.
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