Friday, August 21, 2009

More odious debts for the Democratic Republic of Congo if the World Bank gets its way

Probe International reports that World Bank President Robert Zoellick is urging the Democratic Republic of Congo to pursue better governance as a way to entice more companies to build dams in the country. In his sights are the rehabilitation of the notoriously dysfunctional Inga 1 and 2 dams.

But if Zoellick has his way in the DRC, a new dam called Inga 3 will also be built, followed by the mother of all dams—the Grand Inga—which together would be constructed to harness the estimated 40,000-50,000 MW of hydro power potential on the Congo River. Proponents dream that the Inga dams complex, along with an equally mega transmission system, will power Africa—with some electricity left over to send to Europe.

Full article