Adonis Diaries

Posts Tagged ‘Chinese State companies

 

River Congo to light up Africa: Any investors?

The hydroelectric potentials of the Congo River is estimated to 110 GW, enough power to cover the needs of all Africa.

The Inga Rapid on the Congo can produce 44 GW, double the power generated by the latest super Chinese complex of the Three-Gorges.  Just 44 GW can cover 40% of all Africa needs in electrical power.

So far, only 900 MW is being produced by the obsolete generators on the sites of Inga 1 and Inga 2.

The start of Inga 3 project has been postponed until 2020 for lack of funding.  The modernization of the generators and equipments of Inga 1 and 2 requires $450 million and the IMF phased out the funding till 2016 because it could not “find” the necessary funding!

In Africa of one billion in population, the average individual is allocated enough electricity to turn on a light bulb for three hours a day. The 48 States in the Sub-Sahara generate 68 GW, an amount that Spain generates alone.

In Africa, 500 million own a cellular phone while 700 million lack electricity.

Compared to other developing States, the sub-Sahara States have the highest costs for electricity ($0.45 per kWh compared to less than $o.1); for water ($6.5 per m3 compared to $0.1); and for transport of merchandize ($0.15 per ton/km compared to less than $0.05)

The only investment in Africa are directed to highways, ports, airports, pipelines, and all kinds of infrastructure designed to facilitating the organized transport, export, and flow of raw materials exploited by multinational companies.

For example, BHP Billiton, the number one world group for mining raw materials, was willing to invest $7 billion on generating 2.5 GW on Inga 3, simply because the company needed 2 GW for its aluminum complex in the Lower-Congo province.

The Chinese State companies signed the deal of the century with the Congo State in 2007:  Basically, it is a barter deal of exploiting raw materials in exchange of constructing infrastructure that will support the flow of the raw materials produced and exported to China.


adonis49

adonis49

adonis49

December 2021
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