Zambia's state holding company says the Ndola refinery will cost US$1.2 billion, above the licensed US$1.1 billion. The difference is unexplained.
ZAMBIA · ENERGY
Key Facts
—What happened: The Industrial Development Corporation said the Ndola refinery will cost US$1.2 billion.
—How big it is: The refinery will make 3 million tonnes a year, about 60,000 barrels per day.
—Who is building it: Zambia Petrochemical Energy Company, a joint venture between the state IDC and China’s Fujian Xiang Xin.
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