WB to disburse Congo with USD73m for dam project
(MENAFN) The World Bank has agreed to disburse USD73.1 million for Congo for the construction of Inga III hydroelectric dam along the Congo River, Xinhua reported
Three consortia of companies have shown interest in construction work for the project. The consortia include China Three Gorges Corporation and Sinohydro; Daewoo and Posco; SNC-Lavalin, Actividades de Construction y Servicios and Eurofinsa
Earlier last year, the Democratic Republic of Congo and South Africa inked an agreement in which the latter agreed to purchase 2,500 MW produced from the Inga III dam
Congo's Prime Minister said: "The agreement with South Africa has secured the project and its funding. At the moment, we need to accelerate discussions with all technical and financial partners. This project is too big and there is an opportunity for everyone.
Three consortia of companies have shown interest in construction work for the project. The consortia include China Three Gorges Corporation and Sinohydro; Daewoo and Posco; SNC-Lavalin, Actividades de Construction y Servicios and Eurofinsa
Earlier last year, the Democratic Republic of Congo and South Africa inked an agreement in which the latter agreed to purchase 2,500 MW produced from the Inga III dam
Congo's Prime Minister said: "The agreement with South Africa has secured the project and its funding. At the moment, we need to accelerate discussions with all technical and financial partners. This project is too big and there is an opportunity for everyone.
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