World Bank Backs Congo’s Inga Project

Key Figures & Findings: The World Bank has committed $1 billion to support the Democratic Republic of the Congo in reviving the long-stalled Inga III hydropower project, a critical component of the Grand Inga complex on the Congo River. Of this, $250 million will be allocated toward feasibility studies, utility reform, and early-stage development, according to Yadviga Semikolenova, the Bank’s energy lead for Eastern and Southern Africa. The initiative is central to Mission 300, a World Bank-led program aimed at delivering electricity to 300 million Africans by 2030. Inga III could eventually supply electricity to Congo’s capital, Kinshasa, mineral processing zones, and neighbouring countries, significantly improving regional energy access.

Statistics & Insights: Once complete, Inga III could generate up to 11,000 MW of power—more than triple DRC’s current capacity—with total costs estimated at $10 billion. The broader Grand Inga complex has the potential to generate 40,000 MW, surpassing the 22,500 MW Three Gorges Dam in China.

Future Implications: If studies and reforms progress as planned, construction could begin by 2027, helping Congo meet its target to triple electricity access by 2030. However, concerns about the displacement of over 30,000 residents and mounting public debt could complicate implementation.

Source: Bloomberg