The World Bank (WB) is likely to approve $73-million next week to fund an expansion of the Inga hydroelectric dam, in theDemocratic Republic of Congo (DRC), a bank official said on Friday.
The decision would be a relief to investors, particularly mining companies, which had been threatened with electricity rationing owing to a lack of power generation, but environmentalists said the impact of the project had not been properly evaluated.
The WB's administrative council had been due to meet on the matter in Washington on February 10, but that was postponed to March 20, raising the prospect that the third phase of expansion of the Inga dam on the Congo, some 250 km southwest of Kinshasa, would not be approved.
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The decision would be a relief to investors, particularly mining companies, which had been threatened with electricity rationing owing to a lack of power generation, but environmentalists said the impact of the project had not been properly evaluated.
The WB's administrative council had been due to meet on the matter in Washington on February 10, but that was postponed to March 20, raising the prospect that the third phase of expansion of the Inga dam on the Congo, some 250 km southwest of Kinshasa, would not be approved.
Read more.....
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