PRESS RELEASE

World Bank Group Cancels Financing to the Inga-3 Basse Chute Technical Assistance Project

September 22, 2016

WASHINGTON, September 22, 2016 — On September 12, 2016 the World Bank Group cancelled its support to the Inga-3 Basse Chute (BC) & Mid-Size Hydropower Development Technical Assistance (TA) Project in the Democratic Republic of Congo (DRC). This follows the suspension of the project on July 22, 2016 due to Government of DRC’s decision to take the project in a different strategic direction to that agreed between the World Bank and the Government in 2014.

On March 20, 2014 the World Bank’s Board approved a US$73.1-million grant from its International Development Association (IDA) for the project, consisting of Inga-3 BC development support (US$47.5 million) and mid-size hydropower development support (US$25.6 million). At the time of suspension, approximately 6% of total project financing had been disbursed. 

The World Bank Group remains committed to supporting the DRC in its efforts to provide affordable and reliable energy for its people and to drive sustainable sources of growth for its economy. Beyond the Inga project, the Bank Group will remain engaged in the electricity sector in DRC by focusing on improving the performance of the State Utility SNEL, rehabilitating mid-size hydropower plants, increasing energy access, and continuing support the facilitation of regional transmission interconnections.

Media Contacts
In Washington
David Theis
Tel : (202) 458-8626
dtheis@worldbankgroup.org
In Washington
Steven Shalita
Tel : (202) 473-5201
sshalita@worldbank.org





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