https://www.engineeringnews.co.za
Africa|Power|PROJECT
Africa|Power|PROJECT
africa|power|project

DRC still has difficulty securing investments in Inga power project – Tshisekedi

The Inga dam in the DRC

The Inga dam in the DRC

Photo by Reuters

20th September 2023

By: Reuters

  

Font size: - +

The Democratic Republic of Congo (DRC) still has difficulty securing investments for its Inga power project, the president said on Tuesday in New York, adding that the World Bank and China are interested.

The multibillion-dollar project, which will harness the power of the Congo River, has been repeatedly delayed by red tape and disagreements between Congo and its partners.

"Unfortunately, we are still facing difficulties in mobilizing investments," President Felix Tshisekedi told reporters at an event during the annual high-level United Nations General Assembly.

Tshisekedi has previously said he had held discussions with potential new partners, including China and the World Bank.

"We continue to hope especially because the World Bank has once again shown interest, which we are happy with," he said.

"During my visit in China, I also succeeded to interest the Chinese, so I think it will not be impossible that tomorrow, there is a sort of consortium formed around the World Bank and Chinese investors, maybe some Europeans and the Australians who would like to join the adventure."

Tshisekedi also said that while there is nothing solid, there is lots of interest including from South Africa, which hopes the project will help solve its crippling power crisis.

Edited by Reuters

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.085 0.142s - 160pq - 2rq
Subscribe Now