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Investors needed to take-up joint venture energy projects
Wed, 14 Apr 2010 09:59


Region
Democratic Republic of Congo

Sector
Energy

Summary:
The Democratic Republic of Congo (DRC) is seeking public and private partners to develop it's huge energy potential, which when fully exploited could easily supply energy to millions of households in Africa.
Contact
Prof. Mathias Buabua

Email
anapirdc@anapi.org, anapirdc@yahoo.fr

Tel
+243 9999 25026


The Inga complex is the hub of the DRC's energy generation industry, and has the potential to easily supply electricity to 500 million households across Africa. Located in the western part of the country about 300 km from the capital city Kinshasa, the Inga site holds 40,000 to 45,000 MW of the country’s 100,000 MW of hydropower potential. It comprises two power plants, Inga 1 and Inga 2, which started operating in 1972 and 1982, respectively.

Only 5% of the population has access to electricity, and yet demand is constantly increasing from the growing population, and also emerging businesses. The Katanga province alone, with its mining potential, needs an additional 800 MW.

According  Latsoucabé Fall of the World Energy Council the Greater Inga represents a "unique opportunity to promote economic independence, peace, and prosperity in Africa."

The government wants to strengthen this potential, and as a member of the Southern African Development Community (SADC) is looking particularly to southern African countries  to help create a common market for electricity in the region.

Investment opportunities in the energy sector

• A project with an estimated investment cost of US$361 million involves rehabilitation and modernising with possibility of expanding existing hydroelectric power stations at Inga 1( 341 MW) and Inga 2 (1,424 MW).

• Building of Inga 3 power station to produce 4,320 MW at an estimated cost of US$ 3.5 million.

• Building the first phase of Great Inga (39,000 MW) at a cost of US$8 billion.

• Building of Katende hydroelectric power station (36 MW) at a cost of US$68 million.

• Developing of the hydroelectric power station of SEMILIKI (72 MW) and associate networks. The investment is costed at US$160 million.

• Other identified power stations are in Kakobola (99 MW) and Busanga(300 MW) at a combined cost of US$ 363 million.

Reasons to invest in the DRC

1. Huge market of an estimated 65 million people, as well as access to regional market with a population of over 600 million (central, southern and eastern Africa)
2. Enormous potential for energy generation, capable of supplying the rest of the continent when exploited
3. Booming free market economy that has brought on stability of macro-economic parameters and inflation control
4. Availability of affordable skilled workers
5. Attractive incentives and protection of investments

For further information on opportunities in the energy sector and specific incentives contact the National Investment Promotion Agency (ANAPI).

Key contact: Prof. Mathias Buabua, CEO, ANAPI
Email: anapirdc@anapi.org, anapirdc@yahoo.fr
Tel: +243 9999 25026
www.anapi.org

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