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

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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 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. [...]

Published on 02/06/2021 at 06:00 GMT Reading time 2 minutes

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Energy, Business

Read this article in our running story

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

DRC

Kinshasa's pan-African plans for Grand Inga

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DRC
Adebayo Ogunlesi
African Development Bank
Felix Tshisekedi
Fortescue Metals Group
Global Infrastructure Partners
Inga Unified Consortium
Jean-Claude Kabongo
Joseph Kabila
Three Gorges Corp
World Bank

DRC
AfDB seeks to make voice heard on Inga III mega-dam

The African Development Bank is seeking to take advantage of Australian miner Fortescue's failed bid to lead the Grand Inga development by advocating for a reduced-scale project. A delegation from the pan-African institution is expected shortly in Kinshasa.

Subscribers only Infrastructure, Finance 18.07.2024

DRC
Tshisekedi drops bombshell on Fortescue's contract on Grand Inga

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.

Subscribers only Energy, Politics 15.09.2021

DRC
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.

Subscribers only Business 26.07.2021

Former British Prime Minister Tony Blair.

Africa, Mauritius
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.

Subscribers only Infrastructure, Finance, Business 10.06.2021

Horn of Africa
World Bank considers billion-dollar investment in electricity infrastructure for Horn

The five Horn of Africa countries - Kenya, Somalia, Djibouti, Ethiopia and Sudan - could be in line for financing to the tune of $1.035bn from the World Bank.

Subscribers only Energy, Business 07.06.2021

DRC
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.

Subscribers only Energy, Business 11.03.2021

DRC
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.

Subscribers only Energy, Politics 15.02.2021

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

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.

Subscribers only Energy, Business 22.06.2020

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DRC
Adebayo Ogunlesi
African Development Bank
Felix Tshisekedi
Fortescue Metals Group
Global Infrastructure Partners
Inga Unified Consortium
Jean-Claude Kabongo
Joseph Kabila
Three Gorges Corp
World Bank

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Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

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

Kinshasa's pan-African plans for Grand Inga

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Kinshasa's pan-African plans for Grand Inga

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DRC
AfDB seeks to make voice heard on Inga III mega-dam

DRC
Tshisekedi drops bombshell on Fortescue's contract on Grand Inga

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

Africa, Mauritius
Infrastructure fund Africa50 eyes continents's big investors

Horn of Africa
World Bank considers billion-dollar investment in electricity infrastructure for Horn

DRC
Fortescue in Kinshasa to negotiate Grand Inga mega-contract

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

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

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Indigo Publications' websites

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo The secrets of Demex, the trader selling Russian oil in West Africa

African Union: the battle of the giants

West African cocoa cartel battles with the traders

The generals waging war from Khartoum to Darfur

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

Kinshasa's pan-African plans for Grand Inga

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Kinshasa's pan-African plans for Grand Inga

Set up email notifications for these topics

DRC AfDB seeks to make voice heard on Inga III mega-dam

DRC Tshisekedi drops bombshell on Fortescue's contract on Grand Inga

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

Africa, Mauritius Infrastructure fund Africa50 eyes continents's big investors

Horn of Africa World Bank considers billion-dollar investment in electricity infrastructure for Horn

DRC Fortescue in Kinshasa to negotiate Grand Inga mega-contract

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

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

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

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

DRC
AfDB seeks to make voice heard on Inga III mega-dam

DRC
Tshisekedi drops bombshell on Fortescue's contract on Grand Inga

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

Africa, Mauritius
Infrastructure fund Africa50 eyes continents's big investors

Horn of Africa
World Bank considers billion-dollar investment in electricity infrastructure for Horn

DRC
Fortescue in Kinshasa to negotiate Grand Inga mega-contract

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

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