We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The $80bn Grand Inga project, aimed at generating 40,000 megawatts of power on the Congo river, is overpriced and susceptible to corruption and other risks, an environmental lobby group says. The project, driven by three construction giants from Spain and China and expected to be funded by the African Development Bank (AfDB) and the European Investment Bank, among others, has been embroiled in controversy since it was announced. This led to the withdrawal of the World Bank as a potential sponsor in 2016. The hydroelectric project is not expected to begin producing power until 2024 or 2025. In 2014, the South Africangovernment approved the ratification of the Grand Inga Treaty with the Democratic Republic of Congo (DRC). The treaty would see SA buy more than half the power generated by the first phase of one of the world’s biggest hydroelectric projects. However, according to International Rivers, an organisation aimed at protecting rivers and the rights of communities that depend on...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now