PIDA Investment Prospectus
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Energy DRC ECCAS

Grand INGA Phase 1

Current Stage: Transaction Support 75%
USD 14,000.00M

Total Project Cost

USD 0.00M

Investment Required

9

Stakeholders

1

Countries

Project Overview

Description

The overall objective of the project is to generate 11,050 MW at the Inga site by building a hydropower plant with transmissions lines within DRC and across borders. Transmission lines are designed to connect with South Africa through SAPP power lines. In the western part of the DRC, transmission lines could link with Nigeria and Angola.

Objectives

Contribute to increased power interconnections across Africa. Facilitate trade in power between SAPP and DRC. Promote economic development in the DRC, SAPP, Central African Power Pool and WAPP. Contribute to job creation in DRC and all powerful countries involved in the project.

Strategic Importance

Flagship energy project for Africa, representing the continent's largest hydropower potential and a critical clean energy resource for regional development.

Technical Specifications

Technology & Design

Large-scale hydropower development at the Inga Falls site on the Congo River.

Capacity & Size

11,050 MW generation capacity

Technical Details

Hydropower plant with 11,050 MW generation capacity at the Inga site on the Congo River, with associated transmission infrastructure to connect with regional power pools.

Development, Implementation & Financial Details

Development Timeline

Transaction support and financial close targeted for 2025-2026.

Latest Implementation Updates

UPDATED
Transaction support 2023-2025, financial close 2025-2026, construction 2026-2035, operation from 2035.
2025-07: Current Status: Project requires update of previous feasibility studies and establishment of the project steering committee at AU level;
Milestones Achieved: Memorandum of Understanding signed in April 2025 for Japanese assistance;
Financing Status: World Bank committed about $1 B;
Next Steps: Local infrastructure & capacity development, technical studies, project preparation, institutional strengthening;
Additional Doc: https://pp2.au-pida.org/wp-content/uploads/formidable/4/Cellule-de-Gestion-du-Projet-Inga3.pdf

Financing Structure

Complex financing structure involving public funding, development finance institutions, and potential private sector participation.

Capital Structure

60% debt, 40% equity

Project Timeline

Start Date

January 2023

Expected Completion

December 2035

Development Timeline

Transaction support and financial close targeted for 2025-2026.

Project Status History

Status 2020

Transaction Support

Status 2022

Transaction Support

Status 2024

Transaction Support

Additional Project Details

Preparation Funding Gap

USD 50.00M

Construction Timeline

Construction expected to take 8-10 years after financial close.

Legal & Financial Advisors

To be appointed

Market Analysis

Market Analysis

Significant power deficits across multiple African regions that could be served by the project.

Market Demand

Strong demand for power across Africa, with limited generation capacity in many markets.

Key Stakeholders

Project Sponsor

Government of DRC, Agency for the Development of Inga

Key Parties

SNEL (DRC), Agency for the Development of Inga

Investors

Government of DRC, development finance institutions, potential private investors

Contractors & Operators

To be determined through international competitive bidding

Risk Assessment

General Risk Assessment

Major risks include financing challenges, technical complexity, political risks, and coordination of multiple off-takers.

Regulatory Risks

Regulatory framework in DRC may require strengthening to support project of this scale.

Impact Assessment

Environmental Impact

Comprehensive environmental impact assessment required, with focus on river flow management and ecosystem impacts.

Social Impact

Significant job creation during construction and operation, support for industrial development, improved energy access.

Investment Opportunities

Private Sector Opportunities

There is private sector interest in power projects hence the possibility of PPPs in implementation are good if the enabling environment is in place.

Next Steps & Agreements

Next Steps

Finalize transaction structure, secure financing commitments, establish off-take agreements

Offtake Agreements

Power purchase agreements to be established with multiple off-takers across different regions.

Contact Information

Agency for the Development of Inga, DRC