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World Bank pulls funding for DRC hydropower project

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Kinshasa - The World Bank has suspended funding for the long-delayed Inga-3 hydroelectric project in Democratic Republic of Congo following disagreements over the "strategic direction" of the project, it said in a statement late on Monday.

The $14bn Inga-3 project along the Congo River will expand on two existing Inga hydroelectric dams and is part of an eight-stage Grand Inga project that would produce a record 44 000 megawatts (MW) at an estimated cost of $50bn to $80bn.

Proponents of the project say that it could power half of Africa, while critics say that the money would be better used supporting smaller local plants.

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