The pastor and businessman Olivier Chekinah has made the most of his presidential ties to sell his consulting services on the mega-dam project to the Australian mining company.
The Congolese government, after a series of U-turns in the Grand Inga mega-dams project, is now looking again at plans proposed by China Three Gorges. Much to the chagrin of Australia's Fortescue Metals Group, which fears that it will lose the project.
For months, the Congolese president has been promising to shake up and slim down his team of top aides. The new line-up is finally taking shape, with the position of special adviser likely to be culled.
The Tshisekedi government is seeking to attract investment from France in the hydrogen sector.
Prior to finalising the contract to generate 70 GW in the DRC, which includes the Grand Inga mega-dam project, the Australian firm Fortescue is hoping over the summer to agree an amendment to the memorandum of understanding signed with Kinshasa in September 2020.
Australian Fortescue is developing a hydroelectric project for Kinshasa and has its sights set on an iron ore deposit owned until recently by Dan Gertler.
The public procurement regulatory authority has reversed the ministerial decision to award Lualaba Power the contract for the construction of the Nzilo II hydroelectric power station. This brings the two other contenders back into the race.
Global Sovereign Advisory, a small French boutique bank, is helping Kinshasa in its talks with the World Bank and the International Monetary Fund.
Several Congolese companies have joined forces to develop a gas-fired power plant project in Kongo-Central province. Some electricity from the plant is to be sold to miners of the former Grand Katanga province.
With a tender call reissued in secret and the arrest of a senior civil servant opposed to a decision taken by the hydraulic resources and electricity minister, the Nzilo II hydroelectric power station project is causing disorder in Kinshasa.
In contrast to mega-projects like the Grand Inga dam, which are struggling to get off the ground, the Congolese authorities are elaborating plans for several dozen mini-power plants.
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.
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.
President Tshisekedi has a team of nine special advisors he likes to call on. Playing on rivalries among the members of Joseph Kabila's Front Commun pour le Congo, some have taken charge of state matters even if that means encroaching on the portfolios of the ministers concerned.