Electricity

DR Congo’s government postpones Inga III powerdam project to 2024/2025

Tuesday, 04 July 2017 16:16

Unlike announced earlier on, the 4800 MW Inga III hydropower dam of DR Congo will start operating in 2024/2025, as compared to 2020/2021 before. This is what Bruno Kapandji, the head of the congolese agency in charge of the project, told Reuters on July 3, 2017.

"We are working for this timing (in 2024 or 2025) now that the potential developer has been identified," he said. Indeed, last month, the DRC’s government asked the two consortiums (from China and Spain) running for the dam contract, to submit their bids.

Valued at $14 billion, the project, according to Reuters, struggles to mobilize the funds required for its development. A situation which results, amongst others, from the World Bank withdrawing its support to the project, after the country’s presidency took it over. Also, DRC’s geopolitical situation, which is marked by persistent insecurity, and president Kabila’s refusal to leave power despite his mandate having ended last December, are other reasons for the delay in constructing the dam.

Out of the 4800 MW which the plant will produce, 2500 MW will be sold to South Africa; 1300 MW will be injected in the national mining industry and the remaining 1000 MW will be made available to populations.

It should be noted that DRC has an electrification rate of about 15%.

Gwladys Johnson

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.