DRC: An investment of 42 million USD for Kakobola Hydroelectric power station
13 January 2011
The Indian company Angélique International Limited, which will take charge of the construction of the Hydroelectric Power Station in Kakobola in DRC, announced last Monday that its investment in this project will reach 42 million dollars.
The Democratic Republic of the Congo itself will invest 10 million USD from the 2011 budget in this power station, with a power of 9.3 MW.
According to energy minister Gilbert Tshiongo, the implementation of the project will meet the priority needs in electricity and drinking water of about 800,000 inhabitants in the towns of Kikwit, Gungu and Idiofa in the province of Bandundu.
The works will be spread over a period of not more than 3 years, and will start this month, January 2011. "They will not suffer from any delay" affirmed the minister, who was quoted by the newspaper La Prospérité.
The electrification of Bandundu will stimulate economic activity in this province, which is rich in agriculture and stock breeding.