Spain’s ACS walks away from Inga 3 hydro project in DRC after bitter dispute
The project has been plagued by financing issues
21 January 2020 - 20:51
Madrid — Spain’s ACS is withdrawing from the multibillion-dollar Inga 3 hydroelectric project in Democratic Republic of Congo (DRC), the company said on Tuesday, dealing a further setback to plans to develop Africa’s largest hydro plant.
A consortium led by Actividades de Construccion y Servicios (ACS) signed a preliminary agreement with a group led by China Three Gorges Corporation in 2018 to jointly develop the 11,000MW project...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.