The World Bank will support the Democratic Republic of Congo’s (DRC’s) plans to build the Inga 3 hydroelectric dam to narrow the power shortage in the country. “It’s good for growth and good for climate change,” Mahktar Diop, the World Bank’s vice-president for Africa, said in Kinshasa on Sunday. “I think it’s a project that will transform [the DRC].” The multilateral lender approved $73 million (R767m) in March to finance social and environmental impact studies for the project on the Congo River. South Africa and the DRC have agreed to develop the $12 billion dam that will produce about 4 800 megawatts and supply electricity to both nations. The DRC can produce only about half the 900 megawatts mining companies demand in the province of Katanga, where the majority of copper mines are located – Bloomberg