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Popeye82

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14/01/24

01:56

Post #: 71867998
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Originally posted by chuk: ↑

Actually Fortescue is willing to invest a huge amount in a very risky country.

"Our proposal in the Democratic Republic of Congo is to create a major downstream green hydrogen and green ammonia industry. Fortescue is planning to develop the long anticipated Grand Inga Hydroelectric Project, including the Matadi and the Pioka projects."

"Fortescue Metals Group chairman Andrew Forrest has secured the inside running on developing the world’s largest hydro power project – which alone carries a $US80 billion ($103.8 billion) price tag – and associated port, green hydrogen and green ammonia capability in the troubled Democratic Republic of Congo."

Dr Forrest said Fortescue’s green energy and green hydrogen projects in Africa were not confined to the DRC and included projects in Kenya and Ethiopia, with investors and financiers already indicating a willingness to commit more than $US100 billion.

https://www.copyright link/companies/energy/andrew-forrest-s-100b-congo-power-play-20210612-p580i3

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Also very interesting, Thx !
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