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"The project will create up to 1, 000 local jobs during the four-year construction phase and 100 local permanent jobs for the 20-year operational life of the project, " he said.
BBC: England
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The first phase of the project has been completed with the construction of the Katse dam in Lesotho.
BBC: Dam builders charged in bribery scandal
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When the project was officially launched Bangor University said the scheme would create or safeguard 450 jobs during the construction phase, 100 more during the operational stage, and a further 330 jobs through the innovation hub.
BBC: Bangor university's Pontio: Work starts on arts centre