This page contains a Flash digital edition of a book.
ILLUMINATED AFRICA:


T


he T ree Gorges Dam spanning China’s Yangtze River is the biggest hydroelectric project in the world. When it was completed in 2012, the dam’s reservoir holding 9 cubic miles of water literally caused a slight wobble in the orbit of the planet. Now, a new project


has been proposed that will eclipse even the T ree Gorges site. T is one will be built on one of the biggest rivers in the world, right in the heart of humanity’s homeland.


T is new project is set to power half of Africa. For nearly fi fty years, the dream of harnessing the power of the mighty Congo River has remained only a fl eeting notion, but this year brought new developments and a proposed project that was announced in Paris this past summer. “A myth dreamed of for 40 years, Grand Inga is becoming a reality with an action plan spread over several plants which will be added in stages,” read a statement from the government of the Democratic Republic of Congo (DRC) after the Paris meeting. T e DRC is planning to harness the potential power of the Congo by building the Grand Inga: the largest hydroelectric project in the world. It’s estimated the fi nished dam will generate 40,000 megawatts (MW) of power, doubling the T ree Gorges Dam in China, which is currently the world’s largest. Proponents of the Grand Inga are hailing it as a “holy


grail” that will literally bring light to half the continent by channeling the power of the greatest river in sub-Saharan Africa. On the continent, the Congo is only outsized by the Nile in northeastern Africa, which is generally recognized as the longest river in the world. T e Paris announcement revealed a plan to begin


the fi rst phase of a new set of energy projects based at Inga Falls as early as October 2015. With a budget of $12 billion, Inga III will have an overall output of almost 4800 megawatts. South Africa has already signed-on to purchase half of the energy produced by the project.


24 JANUARY-FEBRUARY 2014 WIRE ROPE EXCHANGE


But, Inga III is just the beginning. T e visionary project ultimately calls for fi ve more developments before the Grand Inga will be complete. Proponents say that once it’s fi nished the complex of dams will supply more than 500 million people with renewable energy. Clearly, Grand Inga is a one-of-a-kind build, but Congo has gained experience developing hydroelectric projects in past years. While much smaller than Inga III, Inga I and Inga II have already been built. Proponents of the Grand Inga project point to these successes to reassure critics who don’t believe the entire project can be realized. However, those critics often fi re back with the fact that while the Inga I and Inga II have been built, both are operating at only a fraction of their producing capacity. Combined, the dams should be generating 1,775 MW. Currently they’re only cranking out about 700 MW. Between today’s newly revived Inga project and the


40-year-old grand pan-African electrical power dream, Congo’s seen decades of confl ict and misrule. While Inga II and I were completed over the ten years between 1972 and 1982, the long neglected facilities are in a sorry state of disrepair. A recent Reuters story described the scene: Instead, in the cavernous halls of Inga’s two dams, water drips from the ceiling and rusted pipes sit above puddles. Five of the 14 turbines no longer spin at all, a sign of the decay. Currently, all the power the Inga II and I produce goes to supporting the copper mining industry in the southern


BIG MONEY AND


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84