Israeli Diamond Portal Reports: Alrosa Plans to Build Power Plants in Namibia

March 19, 2008 - PRLog -- During a visit to Namibia, Alrosa’s President Sergei Vybornov stated that he has very serious plans for that country. Vybornov was quoted as saying: “We have already held negotiations with the St. Petersburg Project Constitution company about the building of two electric power stations in Namibia. This project has been approved by the Namibian President. The construction of electric power stations will make it possible to avoid the effects of the energy crisis in South Africa, the main energy supplier today.”

The company stated that it also plans to explore diamond deposits in Namibia.

Vybornov also visited Angola, where it has two joint projects – Catoca and LUO-Kamachia-Kamajiku.

Alrosa’s press service stated: “The expansion of economic cooperation with African countries is seen by Alrosa as one of its most important strategic drives.”

Website: www.israelidiamond.co.il