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China -owned company Three Gorges Corporation has pulled out of the proposed Grand Ega Dam Construction Project in Democratic Republic of Congo (DR Congo). The project claimed to be the world’s largest hydroelectric plant to solve Africa’s energy crisis. This move of China can give a major blow to the progress of the project.
Grand Ega Dam: An ambitious project
The construction of the Grand Ega Dam is proposed on the Congo River, and was expected to become the world’s largest hydroelectric plant. The project could play an important role in resolving Africa’s energy crisis, with an estimated 40,000 MW power generation capacity. However, the project has been continuously delayed in the last few decades and the construction work has not started yet.
Due to China’s step back
China’s Three Gorges Corporation has decided to withdraw from its participation, but no official statement has come on the reasons behind this decision. Experts believe that the high cost of the project, government instability and environmental concerns can be the main reasons for this. In addition, changing priority for China’s other projects and investments may also have an impact.
Project effect on project
After this move by China, the future of the Grand Ega Dam project can now be even more uncertain. Controversy over the project between the Government of Congo and international investors may arise, especially when its estimated cost is around $ 80 billion. The Congo government is already facing allegations of instability and corruption, which may lead to further difficulties in the construction work.
A solution to Africa’s energy crisis?
The importance of the Grand Ega Dam project was very important given the energy crisis of Africa. Millions of people in Africa are living without electricity and the power needs of Africa could be met only with big projects like this. However, this project can prove to be a major setback for Africa by this decision of China.
Will the Congo government and international partners be able to resume this project?
Now the question arises whether the Congo government and other international partners will be able to resume this project. The Congo government claims that the work on the project is going on, but the Three Gorges Corporation exiting the project can create even more difficulty in realizing this big dream.