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Tshisekedi drops bombshell on Fortescue's contract on Grand Inga

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“Kinshasa's pan-African plans for Grand Inga”

DRC

Kinshasa's pan-African plans for Grand Inga

Although their construction is being hampered by the very scale of the project in which they figure, the huge Inga III and Inga VIII hydroelectric dams offer the prospect of being able to generate tens of thousands of megawatts of electricity. Congolese president Félix Tshisekedi, whose standing at home has been weakened by his dispute with his predecessor Joseph Kabila, is trying to position himself as the harbinger of a project capable of providing electricity for the entire African continent. To do so, he needs to find the right candidates among the hordes of investors milling at his door. [...]

Breaking news published on 15/09/21 at 10 a.m. - A contract to develop six Grand Inga mega dams seems to be slipping out of the mining giant's hands. Founded by Australian billionaire Andrew Forrest, Fortescue Metals had pledged to invest $80bn. [...] (529 words)

Issue dated 15/09/2021 Reading time 3 minutes

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Energy Politics

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DRC
African Development Bank
Agency for the Development and Promotion of Grand Inga
Alexy Kayembe de Bampende
Andrew Forrest
Artelia
Bruno Kapandji
China Three Gorges Corp
COP26
Félix Tshisekedi
Fortescue Metals Group
Guylain Nyembo
Jean-Claude Kabongo
Tony Blair
Tractebel

Despite Tony Blair's insistence, GIP finally says no to the Grand Inga project

The US-based Global Infrastructures Partners, owned by Nigerian businessman Adebayo Ogunlesi, has finally decided not to get involved in the scheme to build vast dams on the mighty Congo river. [...]

DRC Energy Business 10/02/2022

Tshisekedi's hopes for united front on Fortescue mega-dam project

To silence the criticism that has plagued the development of hydroelectric mega-dams on the Congo River, Félix Tshisekedi's chief of staff is trying to unite the teams involved and garner their support for Australian mining giant Fortescue's project. [...]

DRC Energy Business 04/01/2022

Fortescue gets busy to win Tshisekedi's Grand Inga blessing

Having embarked on a vast project to produce hydrogen, the Australian miner is doing all it can to become the only credible candidate to build the series of mega-dams. [...]

DRC Energy Business 05/11/2021

Tshisekedi dramatically cancels Grand Inga talks at COP26

After a discussion with the boss of Fortescue Metals Group, the Australian firm slated to develop the Grand Inga project, the Congolese president Félix Tshisekedi abruptly cancelled a meeting devoted to the mega-dam project at which African Development Bank and African Union representatives had been due to speak. [...]

DRC Energy Business 16/08/2021

China's Three Gorges definitively ousted from Grand Inga

Three years after Chinese state-owned firm Three Gorges signed a contract with Joseph Kabila's government, the company has been told it will no longer be given exclusive rights to develop the Inga III dam. [...]

DRC Business 26/07/2021

Tony Blair expresses private reservations over Fortescue's monopoly on Grand Inga

The former British prime minister, whose Tony Blair Institute has been helping the DRC to develop its economic strategy, has warned President Tshisekedi against allowing the Australian giant Fortescue to be in sole charge of the development of the Grand Inga mega-dams. [...]

Former British Prime Minister Tony Blair.

DRC Energy Business 02/06/2021

AfDB wants Inga III mega-dam project put out to tender

The African Development Bank is in talks with DRC authorities over its support for one of the vast Grand Inga project hydro-electric dams and is keen to see companies compete to develop it. At stake is some $55m in financing and the bank's seal of approval. [...]

DRC Business 26/05/2021

Blair Institute delivers economic policy plan for Tshisekedi's new government

With two years left of his presidential term, Félix Tshisekedi wants to define the shape of the DRC's economic policy through to 2030 and the Tony Blair Institute for Global Change has drafted report to help with the task. [...]

DRC Energy Business 16/04/2021

New cabinet make-up suggests new trajectory for Grand Inga

The Congolese president will likely reassert his control over the handling of the mega-dam, leaving little room for his new ministers to have much political sway. [...]

DRC Energy Business 22/03/2021

Tshisekedi strives for unity among his advisors over Grand Inga

Félix Tshisekedi wants key players in the Grand Inga project to work in sync, while his special infrastructure advisor rushes ahead with Australian firm Fortescue to develop the mega-dams. [...]

DRC Energy Business 11/03/2021

Fortescue in Kinshasa to negotiate Grand Inga mega-contract

Executives from the Australian mining giant Fortescue have flown into the Congolese capital to discuss the modalities of a deal to generate a total 70 gigawatts of electricity in the country. Their trip comes as President Félix Tshisekedi prepares to choose between the various bidders for the Grand Inga project. [...]

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Artelia
Bruno Kapandji
China Three Gorges Corp
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Félix Tshisekedi
Fortescue Metals Group
Guylain Nyembo
Jean-Claude Kabongo
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Tshisekedi drops bombshell on Fortescue's contract on Grand Inga