Kinshasa — 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 last week to advance the 11,000MW facility, the first time it has formally appointed entities to draw up plans to develop Inga since the project was announced about a decade ago. The Chinese group includes China Three Gorges and State Grid International Development, while the Spanish partners comprise Actividades de Construccion y Servicios SA and AEE Power Holdings. “There have been tenders, lots of meetings, lots of promotional activities, but it’s only today that we have for the first time a legal document,” Bruno Kapandji, director of the Agency for the Development and Promotion of the Grand Inga Project, or ADPI, told reporters after a signing ceremony on October 16. The accord calls for the creation of a single consortium ...

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