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World Bank changes financing model for 4,800-MW Inga 3 hydropower plant

from Hydro World

A report from water resources watchdog group International Rivers said the World Bank has switched development of the 4,800-MW Inga 3 hydro-power project from a public sector project to a private one. According to International Rivers, the World Bank withdrew a $73 million International Development Association (IDA) grant that was supposed to have been approved by its board of directors earlier this month. Instead, the World Bank will now work toward a private investment deal via the International Finance Corporation. more


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