World Bank Freezes Funds For DR Congo Dam Project


A picture taken on December 16, 2013 in Inga shows the dam 1 at Inga electricity production site near the Congo river. By Marc Jourdier (AFP/File)  Washington (AFP) - The World Bank has frozen funding for a massive dam project in the Democratic Republic of Congo after the government altered plans for the project, hydropower,  Basse, Bundi

A picture taken on December 16, 2013 in Inga shows the dam 1 at Inga electricity production site near the Congo river. By Marc Jourdier (AFP/File)



Washington (AFP) - The World Bank has frozen funding for a massive dam project in the Democratic Republic of Congo after the government altered plans for the project.

The Bank said in a statement late Monday that is was suspending disbursements on its $73.1 million grant aimed at funding technical assistance on the Inga-3 Basse Chute hydropower dam.

It froze the money after a DR Congo "decision to take the project in a different strategic direction to that agreed between the World Bank and the government in 2014."

It gave no details on what the problem was, but noted that its funding "aimed to support a government-led process for the transparent development of Inga-3 BC as a public-private partnership."

Only six percent of the funds have been disbursed so far, the Bank said.

The Inga 3 Basse Chute project is designed to boost power supplies to a region starved of electricity.

It would divert Congo River waters into a 12-kilometer (7.5-mile) channel and then pass them through a 100-meter-high (330-foot) hydropower dam in the Bundi Valley before releasing the water back into the river.

The intake would be above the existing Inga 1 and Inga 2 dams, and the outflow downstream from both.

The dam is expected to generate 4,800 megawatts of power, equivalent to the output of three third-generation nuclear reactors.

The World Bank said it remains committed to supporting the DR Congo.

"The World Bank Group is in a continuing dialogue with the Government about the implementation arrangements of the project, with the goal of ensuring that it follows international good practice," it said.


Source: AFP
Share on Google Plus

About Naijadopest

    Blogger Comment
    Facebook Comment

0 comments:

Post a Comment

Disclaimer: Do not use this forum as a channel to promote hatred, tribalism or any other kind of personal grievances. The administration can delete or edit a post that violates these guidelines. Keep the posts relevant to the topic in an attempt to keep the forum organised and maintain the focus on each topic. Thank you for your understanding.