Ghana is to benefit from a Russia-Libya joint venture project to build power plants, Russia's state-owned Technopromexport has announced in Moscow. The Russian power plant builder and Libya's African Investment Portfolio have teamed up to form Laptechno-Power, which will build and operate power facilities in Ghana, Libya, Uganda, Algeria, Egypt, Yemen and Namibia, Technopromexport said in a statement. Construction of the facilities will be financed by Libya African Investment Portfolio, which will manage $6.73bn for the projects in total, the company said. "Top priority projects for Laptechno-Power will be the construction of a 1250km electric transmission line with a capacity of 400 kW in Libya and a 300 MW hydro power plant on the Blue Nile River in Uganda," a Technopromexport spokesman said. Technopromexport builds hydroelectric, thermal, geothermal and diesel power plants, and power transmission lines in 50 countries. Source: PEI