The dam project is being proposed on the Congo river, and could produce more than twice the amount of energy generated by China's Three Gorges Dam, currently the world's largest. If approved the dam could be operating by 2022.
"Seven African governments and the world's largest banks and construction firms meet in London today to plan the most powerful dam ever conceived - an $80bn (£40bn) hydro power project on the Congo river which, its supporters say, could double the amount of electricity available on the continent."
"G8 and some African governments hope that the Grand Inga dam in the Democratic Republic of Congo will generate twice as much electricity as the world's current largest dam, the Three Gorges in China, and jump start industrial development on the continent, bringing electricity to hundreds of million of people."
"But while governments and banks expect the dam to export electricity as far away as South Africa, Nigeria and Egypt, and even Europe and Israel, environment groups and local people warned that it could bypass the most needy and end up as Africa's most ruinous white elephant, consigning one of the poorest countries to mountainous debts."
FULL STORY: Banks meet over £40bn plan to harness power of Congo river and double Africa's electricity

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