South African and Congolese energy ministers, Ms Tina Joemat-Pettersson and Bruno Kalala have formally signed the agreement for South Africa’s purchase of 2,500MW of power generated from The Grand Inga Dam – Inga Project 3. The Congolese minister said that the agreement was a ‘key step’ in the development of the project, stating that a ‘reliable purchaser’ was needed to advance the project.
The signing which took place in Cape Town this week was a mere formality following the authorisation of the Grand Inga Treaty by government and will allow SA officials to begin providing support to Congo before the commencement of the tender process. According to Business Day Live, good relations between the two countries, the transmission line running from the DRC to South Africa as well as the fact that investors believe South Africa is a reliable market in which to spend their money, made South Africa a ‘more attractive purchaser than other African countries’.
Kalala was reported as saying that: “It is a market where people are serious about business and where they pay their bills, which is why SA is the first place to which we will export”
“We can’t wake up in 2020 and say we want power. We will have missed the boat and that energy will have been sold,” said Ms Joemat-Pettersson.
She explained that due to the country’s electricity supply constraints, action had to be taken in order to ensure security of energy supply.