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Article

26 Jul 2016

Auteur:
Thomas Wilson, Bloomberg

World Bank Stops Funding World’s Biggest Power Plant Plan

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The World Bank has suspended funding to help develop a $14 billion hydropower project in the Democratic Republic of Congo, a stage in what could become the world’s biggest power plant, after a disagreement with the nation over implementation plans. The announcement to halt financing the Inga 3 project followed the Congo’s decision “to take the project in a different strategic direction to that agreed between the World Bank and the government in 2014,” the Washington-based lender said in a statement...Bruno Kapandji, who heads the Inga project for the government, didn’t answer calls and staff at his office said he was not available for comment. The World Bank is halting its funding due to concerns that environmental and social standards would be overlooked as the Congo fast-tracks the project to honor a supply agreement with South Africa by 2021, Joshua Klemm, a policy director at lobby group International Rivers, said in an e-mailed statement. The two ventures which are still in the running to build the project are China Three Gorges Corp. in partnership with Sinohydro Corp., and Madrid-based Actividades de Construccion y Servicios SA with Spain’s Eurofinsa SA.

Chronologie