Left Menu
Development News Edition

DRC, African Development Bank discuss rapid development of Inga 3 Hydropower Site & launch


DRC, African Development Bank discuss rapid development of Inga 3 Hydropower Site & launch
The workshop made it possible for the Congolese and African Bank officials to carry out an inventory of the project and to review the process of selection of private partners. Image Credit: Pixabay

Democratic Republic of Congo (DRC) Finance Minister Sele Yalaghuli recently announced that Congolese officials and those of the African Development Bank have agreed on plans to fast-track the development and launch of the Inga 3 Hydropower Project.

Speaking at the conclusion of a high-level consultation workshop at the bank's headquarters in Abidjan, the minister said: "We came to reaffirm our partnership with the bank and its leadership in the effective and rapid implementation of the Inga 3 Hydropower project."

The workshop brought together several senior Congolese government officials and the African Development Bank team in charge of the project. The DRC relies on its partnership with the bank as well as on the latter's project leadership. The discussions, which took place between the 13th and 14th of January, focused on various aspects of the Inga 3 site. Optimal project development will allow Congo to establish a roadmap for the development of the 4,800 megawatt facility.

"My presence at the bank's headquarters is a strong signal to move to a stage of concretisation of the development of the Inga site," Congolese Minister of State in charge of Water Resources and Energy Eustache Muhanzi Mubembe, noted. He said his country's presence at the African Investment Forum 2019 organised by the African Development Bank in South Africa last November, had strengthened its commitment and determination, "because we have to break with the rhetoric and go quickly."

The workshop made it possible for the Congolese and African Bank officials to carry out an inventory of the project and to review the process of selection of private partners. Much of the discussion focused on issues related to acquisitions and private sector financing.

Bank Vice President for Energy Wale Shonibare stressed that a key requirement of the project is to optimise the development of the potential of the Inga site for the benefit of the DRC, the region and all of the African continent. He described Inga 3 as "an integrative project" and reaffirmed the bank's commitment to maintain its leadership and unfailing support for its realisation.

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...

Handling fake news Infodemic in time of Coronavirus epidemic

Social media has provided a platform where everybody can disseminate his her views without any supervision. Its excellent if the message is genuine but misinformation is equally disastrous. Health is such a topic where every Tom and Harry c...

Sentiment Analysis on Budget 2020: Long shot for solution to economic worries?

Industries and individuals alike had high expectations from the government to take tangible steps but the budget 2020 seems to have failed expectations....

How can technology help the future of mobility?

More than a billion people or one-third of the global rural population lacked access to all-season roads and transport services in 2016, subsequently hindering the socio-economic development....

Videos

Latest News

Special Court reserves order on bail of six bureaucrats in INX media case

A special court on Tuesday reserved its order on regular bail of all the six bureaucrats and will pronounce order on February 19 in the INX Media corruption case. The bail application was moved by six bureaucrats who were part of the Foreig...

Dr L H Hiranandani Hospital Bags the Quality Beyond Accreditation Award

Mumbai, Maharashtra, India NewsVoirMumbai based Multi-Specialty Dr. L H Hiranandani Hospital was recently conferred with the prestigious Quality Beyond Accreditation Award at AHPI Global Conclave 2020 organized by Association of Health Car...

IIMC students begin hunger strike to demand affordable fee structure

The students of the Indian Institute of Mass Communication began a hunger strike on Tuesday demanding an affordable fee structure. A statement said the students ensured that a circular pertaining to fees was not issued in December 2019.In D...

Govt to soon announce measures to deal with Coronavirus impact on industry: FM

The government will soon announce measures to deal with the impact of Coronavirus outbreak on the domestic industry, Finance Minister Nirmala Sitharaman said on Tuesday. The minister was addressing media after meeting representatives of the...

Give Feedback