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Show BIG HYDRO-ELECTRIC PROJECT ORGANIZED KOME. Dec. 31 The Italian government govern-ment has lust authorized a loan of 200,000,000 lire (510 000.000) to a I society which has boon organized to j utilize the vast wator power available In Catania, in southern Italy. It Is expected to develop electrical energy to tho amount of about 300,000 hoisepowcr by utilizing natural basins 'along the rivers and that. this will enable en-able tho development of many industries. indus-tries. About 500 communes aro expected to derive benofit from this great hy-dro-elealric entcrpiiso which eventually even-tually will require about 525,000,000, capital. |