China's EximBank approves $1.3bn for Guinea hydro plant

China's EximBank has approved $1.3-billion in financing for a 450 MW hydroelectric plant in Guinea that the West African country's government hopes will allow it to export electricity to neighbouring countries. State-owned EximBank first agreed to fund construction of the Souapiti dam, about 50 km (31 miles) outside the capital Conakry, in 2007 but the project did not get off the ground as Guinea experienced a period of political instability.