DRC: World Bank Stops Funding World’s Biggest Power Plant Plan

Jul 26, 2016 | Thomas Wilson, Bloomberg
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The World Bank has suspended funding to help develop a $14 billion hydropower project in the Democratic Republic of Congo, a stage in what could become the world’s biggest power plant, after a disagreement with the nation over implementation plans. The announcement to halt financing the Inga 3 project followed the Congo’s decision “to take the project in a different strategic direction to that agreed between the World Bank and the government in 2014,” the Washington-based lender said in a statement on its website on Tuesday, without elaborating further.