" surely financially, we will be struggling in 6 months "
Thats what the chinerse entities want.................play the long game and hope management / holders fold or sell up.
nasty fucks
Rehabilitation of Mpiana-Mwanga power plants: Civil Society urges the Government to respect the agreement signed with "AVZ POWER SASU"
In correspondence dated November 17, 2022, a collective of Civil Society Organizations and Platforms working in the natural resources sector challenges the National Minister of Energy on the respect of commitments relating to the rehabilitation of the Mpiana-Mwanga power plants in the territory of Manono (province of Tanganyika).
In this correspondence, the collective recalls that "on January 29, 2021, His Excellency the Minister of Water Resources and Electricity signed Ministerial Order No.129/CAB/MIN/RHE/EMM/2021 of 29 creating a Technical Committee for monitoring the rehabilitation project of the Mpiana-Mwanga I and II hydroelectric power stations on which sits a representative or delegate of Cominière SA".
In view of these commitments concluded, the collective is surprised that "during a meeting, organized with the communities of Manono, on Saturday November 12, 2022, on Dathcom Mining SA, the delegate of Cominière SA (Mr. MUYELA Robert) publicly stated that they have "selected the Chinese group Zijin for the rehabilitation of the Mpiana-Mwanga hydroelectric power plants within three years and without condition". 
How did this new deal come about?
On what basis was it concluded?
So many questions for which the collective expects clear answers from the current Minister of Energy.
Fearing that this back-pedalling by the Government will deal a severe blow to efforts to improve the business climate, the group informs the Minister of Energy that "in order to protect the business climate and the legal certainty of memorandums of understanding, agreements signed with foreign investors and third parties, as His Excellency the President of the Republic and Head of State, Félix-Antoine Tshisekedi Tshilombo constantly repeats, your authority is requested to ensure that the works concerning the rehabilitation of the hydroelectric power stations in the territory of Manono are normally carried out according to the terms of the Memorandum of Understanding signed with AVZ POWER SASU which also commits Cominière SA, this public company whose representative sits on the Technical Committee of Follow-up, according to your Ministerial Order mentioned above, as well as the Ministry of the Portfolio which is the supervisory authority and all the government and the Republic Democratic Republic of the Congo in accordance with the laws of the country".
And to conclude: "Excellence, your diligent attention to enforcing said Memorandum of Understanding will be the legal protection of the healthy business climate in our country and respect for the vision of the Head of State, Félix-Antoine Tshisekedi Tshilombo for the electrification of the deep Congo and the development of our 145 territories from the base".
The Mpiana-Mwanga dam was built in 1933.
Its operation was stopped in 1982.
The rehabilitation works envisaged by AVZ Minerals, following the agreement concluded in January 2020, should initially allow the relaunch of two turbines with a combined capacity of 18 MW.
Eventually, the power of the plant should be extended to reach 54 MW.
It is this agreement, which fully commits the Government, that Kinshasa has just called into question, for reasons unknown to the general public, by turning to the Chinese group Zijin.
All of the correspondence of the Collective of Organizations and Platform of Civil Society in the DRC.
Eco news
take care, switch off
