STORY HIGHLIGHTS
- DRC’s hydropower potential is estimated to be the third largest in the world, after China and Russia
- A US$73. 1 million technical assistance project in DRC will help pave the way for hydropower to bring more electricity to 9 million people
- The project’s key objectives are to responsibly develop hydropower to boost electricity access, spur job-led growth and enable power trade
Sub-Saharan Africa is blessed with large hydropower resources that can bring electricity to homes, power businesses and industry, light clinics and schools, and spur economic activity, creating jobs and improving human well-being. Yet, only 10% of this hydropower potential has been mobilized, weakening the fight to end poverty and boost shared prosperity on the continent.
To combat this, the World Bank Group’s Board of Executive Directors on March 20th approved a US$73.1 million grant to the Democratic Republic of Congo (DRC) for the Inga 3 Basse Chute (BC) and Mid-size Hydropower Development Technical Assistance Project.
See full Press Release:
http://www.worldbank.org/en/news/feature/2014/03/20/transformational-hydropower-development-project-paves-the-way-for-9-million-people-in-the-democratic-republic-of-congo-to-gain-access-to-electricity
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