Natural Oilfield Services signs agreement to develop 7GW hydroproject in DRC

Google+ Pinterest LinkedIn Tumblr +
  • Natural Oilfield Services Ltd. (NOF) signed a preliminary deal with the Democratic Republic of Congo (DRC) on May 9 to build a 7GW hydropower plant which has replaced the 40GW Grand Inga project under development by Australian mining house, Fortesque.
  • Fortescue themselves replaced a consortium of Spanish and Chinese companies, which failed to develop a $14 billion, 11-gigawatt version of the project known as Inga III.

NOF has agreed to undertake feasibility studies for a 7GW facility on the Congo River, according to a statement from the presidential agency overseeing Inga’s development. The revised proposal includes the construction of an aluminum foundry and refinery.

NOF is a subsidiary of Sterling Oil Exploration & Production Co., which pumps more crude in Nigeria than any company other than multinational giants like Shell Plc, Exxon Mobil Corp. and Chevron Corp. Sterling currently produces about 70,000 barrels per day, while Natural Oilfield this month commissioned a new oil block in the West African country, where it’s targeting an additional 40,000 barrels a day.

Fortescue will no longer participate in the revised Inga plan, Congo’s presidency told Bloomberg.

Author: Bryan Groenendaal


Leave A Reply

About Author

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

Copyright Green Building Africa 2024.