The Grand Inga project, located on the Congo River in the Democratic Republic of Congo, is envisioned as the world’s largest hydroelectric complex, with a potential generating capacity of 44,000 megawatts. This mega-project, with its first phase named Inga 3, is considered a major catalyst for the DRC’s economic transformation and Africa’s energy security.
World Bank Commitment
In October 2024, Albert Zeufack, World Bank Representative in the DRC, formalized the preparation of a USD 1 billion multi-phase program for the development of Grand Inga, including the Inga III dam. This financing aims to:
- Cover part of the project implementation costs
- Support the redesign and implementation of the project
- Support institutional structuring and the mobilization of partners
Objectives and Expected Impacts
The program aims to:
- Transform the DRC’s economy by stimulating industrialization and access to electricity
- Strengthen energy security, with a significant portion of the electricity destined for export to other African countries
- Contribute to the global energy transition by increasing the share of renewable energy
Status and Conditions
Despite the announcement of this support, Inga III is not yet among the interventions officially approved by the World Bank. Discussions are, however, at an advanced stage, and preliminary agreements have been reached with the Congolese government. Final approval from the World Bank Board of Executive Directors is expected between late May and early June 2025.
The total cost of the Inga 3 project is estimated at approximately USD 14 billion, meaning the World Bank’s contribution provides leverage to attract other donors and private investors.
Challenges Ahead
The project has experienced numerous delays and revisions over the years, primarily due to technical, financial, and institutional challenges. The success of Grand Inga will depend on rigorous management, reform of the Congolese energy sector, and the ability to mobilize additional financing.
