Attributable to World Bank Group spokesman David Theis
"In keeping with our World Bank Group commitment to supporting the Inga-3 hydropower development, we have today submitted to our Executive Board a proposed grant of US$73 million to the Democratic Republic of the Congo for the 'Inga 3 Basse Chute (BC) and Mid-Size Hydropower Development Technical Assistance' project for their approval. Investing in transformative projects that expand people's access to electricity is central to achieving the World Bank Group's twin goals of helping to end extreme poverty and creating shared prosperity.
The updated project documentation presents a unified World Bank Group approach to support the government of DRC in developing Inga 3-BC through a flexible government-led, transparent process. This project, which has the potential to improve the lives of millions of Africans in the DRC and elsewhere in Africa with affordable clean energy, will be discussed by our Board on March 20th.
Once developed to international technical, environmental, and social standards, Inga 3 BC will create transformational development impact. The Technical Assistance project will support the Government of DRC to develop the Inga-3 BC hydropower development in a manner that maximizes its impact for the people of DRC and the wider region.
To see the project appraisal document we have submitted to our Board, please visit: http://documents.worldbank.org/curated/en/2014/03/19201720/