Congo confident $12 billion hydropower plant will proceed by 2015 by Michael J. Kavanagh May 30 - The Democratic Republic of Congo will be ready to build the 4,800 megawatt Inga III hydroelectric plant by 2015, after two failed attempts to kick-start the $12 billion project, Minister of Energy Bruno Kapandji said. Support from the African Development Bank and World Bank, and the emergence of South Africa as a guaranteed purchaser of 2,500 megawatts of power will help the country find the at least $8.5 billion of financing it needs, Kapandji said in a May 24 interview in Kinshasa, the capital. Inga III is the next step in the creation of a 40,000 megawatt Grand Inga complex, which would be the largest hydropower project in the world. Currently China’s Three Gorges hydroelectric complex is the biggest with a generating capacity of 22,500 megawatts, while Brazil’s Itaipu is the second largest at 14,000 megawatts. Inga lies on the Congo River, the world’s biggest by volume after the Amazon and the power project is expected to supply a number of neighboring countries. renewableenergyworld/rea/news/article/2013/05/congo-confident-12-billion-hydropower-plant-will-proceed-by-2015
Posted on: Mon, 24 Jun 2013 06:52:07 +0000
Trending Topics
Recently Viewed Topics
© 2015