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DRC

Fund manager Global Infrastructure Partners wants in on Grand Inga dam project

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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. [...]

The company owned by billionaire businessman Adebayo Ogunlesi is in talks with the Congolese authorities concerning a potentially huge investment in the mega-project to construct dams on the River Congo. [...] (589 words)

Issue dated 22/06/2020 Reading time 3 minutes

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Power

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DRC
Adebayo Ogunlesi
Africa50
African Development Bank
African Union
Agence pour le développement et la promotion du projet Grand Inga
Alexy Kayembe
BHP Billiton
Bruno Kapandji Kalala
China Power Investment
Covid-19
Development Bank of Southern Africa
Félix Tshisekedi
François Muamba
Global Infrastructure Partners
Jean-Claude Kabongo
Jim Yong Kim
Joseph Kabila
Raila Odinga
State Power Investment Corp
Terra-Gen Power
Uhuru Kenyatta
World Bank

Infrastructure fund Africa50 eyes continents's big investors

The African Development Bank's infrastructure platform has opened a new private fund to attract Africa's large institutional investors. [...]

DRC 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 21/05/2021

Games budget soars as head honcho awards village contract without tender

Didier Tshiyoyo, the man suddenly in sole charge of the Francophone Games, has bypassed normal procurement procedures to get the athletes' village built in a no-bid contract worth $113m, more than the events' entire original budget. [...]

DRC 15/02/2021

A 'dam' fine war over Grand Inga among Tshisekedi's advisors

Australian mining company Fortescue, backed by special advisor Alexy Kayembe, is Félix Tshisekedi's favourite for Grand Inga... for now. But two other advisors continue to make moves to take control of the colossal dam project. [...]

DRC President Félix Tshisekedi. © Gao Junya/Xinhua News Agency/Newscom/MaxPPP

DRC 08/02/2021

World Bank takes lead in financing Mwinda fund to electrify rural areas

The Congolese authorities hope to raise $500m to bring electricity to rural areas but none of its financial backers have yet committed to a fixed amount. [...]

Inner circles

DRC 27/11/2020

Incoming African Union chair Tshisekedi sets up his management team

Despite being embroiled in a violent political battle with Joseph Kabila supporters in Kinshasa, President Tshisekedi is having to organise the team which will have charge of managing his term as African Union chair in 2021. [...]

GUINEA 07/10/2020

State-owned Chinese group SPIC resumes normal operations on its Coliah bauxite project

After being hampered by administrative difficulties and then Covid-19, China's State Power Investment Corp has finally got its Coliah bauxite project back on track. It hopes to start production there shortly. [...]

DRC 26/08/2020

Kinshasa tries to persuade French companies to get on board Inga III

The Congolese authorities, who are concerned that South Africa might renege on its commitment to take a share of the future giant dam's electricity output, are looking for potential "offtakers" in France to enable it to proceed with the project. [...]

The giant Inga III dam project. © AEE power

DRC SOUTH AFRICA 22/07/2020

Pretoria takes cautious steps on Inga III

South Africa, which is counting on output from the Congolese mega-dam to alleviate its troubled electricity public utility Eskom, is nonetheless sceptical of Kinshasa's ability to carry out the project. [...]

DRC 13/07/2020

Regional electricity markets unmoved by Grand Inga promises

In contrast to President Félix Tshisekedi's pan-African vision for his Grand Inga hydropower project, the continent's sub-regional energy pools are being more cautious about becoming future buyers of electricity from Kinshasa. [...]

DRC 26/06/2020

Tshisekedi, Three Gorges Corp and AfDB at odds over Grand Inga

Despite all the delays under his predecessors in launching construction works on the Inga III dam, Félix Tshisekedi is eager to embark on a much more ambitious project in Kongo Central province: the Grand Inga. [...]

DRC 01/06/2020

BHP Billiton mulls return to Inga III

Australian mining giant BHP Billiton, which pulled out of the Inga III dam project in 2012, might be making a comeback. [...]

Spotlight

DRC 30/03/2020

After ACS pulls out, China Three Gorges Corp says it can lead Inga III project alone

Reassured by the Chinese state-owned company, the DRC government could soon draft the concession contract for the construction of the vast 11,050-MW dam. [...]

Spotlight

DRC 09/03/2020

Receive free prompts for these topics

DRC
Adebayo Ogunlesi
Africa50
African Development Bank
African Union
Agence pour le développement et la promotion du projet Grand Inga
Alexy Kayembe
BHP Billiton
Bruno Kapandji Kalala
China Power Investment
Covid-19
Development Bank of Southern Africa
Félix Tshisekedi
François Muamba
Global Infrastructure Partners
Jean-Claude Kabongo
Jim Yong Kim
Joseph Kabila
Raila Odinga
State Power Investment Corp
Terra-Gen Power
Uhuru Kenyatta
World Bank

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Fund manager Global Infrastructure Partners wants in on Grand Inga dam project