HYDROPOWER
The Democratic Republic of Congo gave two groups of investors a four-week deadline to submit a joint proposal on the development of the multibillion-dollar Inga 3 hydropower plant. The government signed an accord with Chinese and Spanish consortia this week to advance the 11 000 MW facility, the first time it’s formally appointed entities to draw up plans to develop Inga 3 since the project was announced about a decade ago. The Chinese group includes China Three Gorges Corp. and State Grid International Development Ltd., while the Spanish partners comprise Actividades de Construccion y Servicios and AEE Power Holdings.
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