INGA III: the Australians of Fortescue non scratched at Tshisekedi for the project of 80 billion $US for the benefit of the Chinese of Three Gorges
The DR Congo is one of the richest countries in the world in natural resources, the national hydroelectric potential is estimated at around 110,000 MW, which corresponded to 13% of the world potential or 66% of the potential of Central Africa, until in 2019.
But at the same time for lack of organization of the institutions, the country which has natural resources can produce electricity until it can supply Europe, suffers from a serious deficit in electrical energy.
The country's energy supply represents less than 3% of the hydroelectric potential and the country is exposed to a chronic energy deficit, functioning only by load shedding (localized, temporary power cuts distributed over the territory), the height.
In 2020, only 19% of Congolese had access to electricity, outside the big cities, this number drops to less than 4%, or less than one person in 20, something that seriously hinders the development of this country.
The construction projects of the Inga dam date from the colonial era, precisely in 1925.
Presented by Colonel Pierre Van Deuren to the King of the Belgians Albert I, but the crisis of 1929 with the Great Depression, then the Second World War blocked the realization of the project, relaunched at the end of the colonial era, in 1958, it was blocked by the independence of the country.
In 1967, the spirit of greatness of ex-President Mobutu pushed him to take the decision to build the first hydroelectric power station called Inga I in Matadi, 250 kilometers from Kinshasa, with 351 MW, Inga I entered into service in 1972.
Then later, Mobutu realized Inga II with 1,424 MW, which entered service in 1982.
In turn, President Joseph Kabila, then decided to continue the development of this Inga site, thus realizing Inga III to Inga VIII.
On October 16, 2018, the government under the regime of Joseph Kabila had signed an exclusive development agreement for the Inga III project with a Sino-Spanish consortium, including the Chinese company Three Gorges Corporation and ProInga, led by the Cobra subsidiary of the construction group.
Spanish ACS of Florentino Pérez, president of Real Madrid, for the development of Inga III of 11,000 MW, for an estimated cost of 14 billion $US.
Following disagreements between the partners of the Sino-Spanish consortium, the Spaniards of ACS withdrew from the project, leaving the Chinese and another Spanish partner, AEE Power, who remained in the consortium, they were unable to carry out the feasibility studies. promised on the Inga III project, in particular due to a lack of funding.
In 2020, having snatched the parliamentary majority from Joseph Kabila and supported by the Americans, Felix Tshisekedi withdrew exclusivity on the Inga III project from the Chinese of the Three Gorges Corporation, to set his sights in 2021 on the Fortescue group of the Australian billionaire and second Australia's richest personality, Andrew Forrest who made his fortune in iron.
For the Grand Inga hydroelectric dam extension project, the Australians of Fortescue should invest a sum of US$80 billion for a capacity of 42,000 megawatts and create at least 100,000 direct jobs in the DR Congo.
“I found a consortium that was not one, a project was dead. In the two and a half years that I have been there, I have never seen anything concrete, as promising as the dossier presented to us by Andrew Forrest.
It is for the first time, I see a serious investor, serious in relation to his size, his financial capacity but also serious in terms of the project he is proposing, which he intends to develop in our country, serious because not only that it fits into the current context of energy transition but also brings many benefits for the republic, for its inhabitants and for its youth.
We, as the State, our duty is to encourage it and provide it with all the necessary context for this purpose,” Félix Tshisekedi declared to the press in June 2021.
But since his return from his historic visit to China, where he was received by his counterpart President Xi Jinping, Felix Tshisekedi has just changed his position, now pleading to restore the exclusivity of the Inga III project to the Chinese of Three Gorges, from whom he had withdrawn in 2021 for lack of achievement, ceding him to the Fortescue group of Andrew Forrest, who in turn risk being victims of the same playfulness of the DR Congo, as for his compatriots from AVZ MINERALS on the lithium from Manono.
In 2020 and 2021, Félix Tshisekedi seemed to have embraced the cause of Westerners with the Americans in mind, in the war with the Chinese over the monopoly of DR Congo's resources, over Inga III, over Manono's lithium, even granting the license to operation at DATCHOM overseen by the Australians of AVZ, in particular on the battery development project.
But now, for a while now, the Australians of Fortescue and AVZ no longer seem to be part of the Congolese head of state's taste buds, the Congolese head of state would have asked his government to favor a return to the concession of the exclusivity, not only of Inga III, but of the entire extension of the Inga project to the Chinese of Three Gorges.
By Kiki Kienge - June 13, 2023