AfDB adds funding for Congo's 4,800-MW Inga 3 hydropower project
from Hydro World
The African Development Bank (AfDB) has approved $68 million in financing that will be used by the Inga Site Development and Electricity Access Support Project (PASEL) to support development of Congo's 4,800-MW Inga three hydropower project. The funding comes in the form of a $7.7 million Fragile States Facility grant and $60.6 million as an AfDB grant which, the bank said, accounts for about 43 per cent of the Inga 3's $169 million price tag.
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