And a potential fortune for early investors
250 kilometres left of the southern bank of the mighty Congo River lies a development that could make early investors an absolute fortune.
Not only are rich money managers piling in to get a slice of the action in the Democratic Republic of the Congo... the outcome of the work could go a long way to solving the African continent’s energy crisis.
It’s called the Grand Inga Dam project - and its set to become the world’s biggest... capable of generating more energy than China’s Three Gorges Dam... and dwarfing Britain’s entire nuclear power output.
The potential for private investors with an eye for a money-maker is mouth watering.
Let me explain...
“Truly awesome”
Currently the Inga Dams tap the enormous hydroelectric potential of the Congo River to provide much of the country’s electricity supply – but there simply isn’t enough.
Only about 6% of the of the country’s population has access to electricity. Blackouts are an everyday part of life and the lack of regular power is hitting businesses where it hurts.
But better days are ahead...
There are major plans to vastly increase the Congo’s electricity output.
Here in London, African politicians and international financiers met yesterday to discuss plans to build the world’s biggest and most powerful hydroelectric dam – the Grand Inga.
And that’s getting us very excited.
You see, the meeting is being hosted by the World Energy Council (WEC) and what they’re talking about is genuinely mind-blowing.
The project would cost $80 billion (£40 billion) and would generate twice as much power as China’s Three Gorges dam.
In fact, the project could boost Africa’s electricity supply by a THIRD and help some 500 million Africans who don’t have access to electricity right now.
Let me put that in perspective for you...
Each of the dam’s 50 turbines could produce as much power as one British nuclear reactor.
It’s truly awesome.
By hooking it up to a giant new distribution system, power can be transmitted across the continent - to Egypt in the north, Nigeria in the west and South Africa in the south.
That could have a massive impact because those countries are the major poles of Africa’s economic growth. Politicians are even talking about exporting power to Europe!
Of course, at the moment the Grand Inga is still on the drawing board… but the World Energy Council is hoping that construction will start as planned in 2014, and begin operations between 2020 and 2025.
But I believe the investment potential of Africa is right here, right now!
“A shot in the arm for Africa”
You see, the idea for the Grand Inga Dam was first floated in the 1980s, but the political chaos in the Congo made it impossible to proceed. But now the WEC are calling for financing to be settled and a feasibility study completed as soon as possible. And the fact international financiers are really pushing for the project is a sign of how much better things are on the continent these days.
Grand Inga would be a shot in the arm for Africa.
About 35 of sub-Saharan Africa’s 53 countries still suffer from regular power failures and that costs Africa about 2% of their GDP, according to the World Bank.
The loss to businesses has been even worse. Big businesses lose about 6% of their revenue and small ones up to 16% as a result of the blackouts.
So, the knock-on effect from the project could be massive. But it’s also part of the massive growth in interest that we are seeing in Africa as international investors wake up to Africa’s growth story.
The shrewdest investment move of the decade?
Here at Profit Hunter, we’re bullish on the outlook for Africa and we’re constantly looking for new investment opportunities that give us exposure to the developments happening across the continent.
We’ve already got an early start with one pan-African conglomerate that should benefit long-term from this massive Grand Inga Dam project.
It’s a fantastic company we believe is poised to benefit massively from Africa’s economic renaissance... and I’d like to invite you to look into it today.
They are heavily into African infrastructure and best of all it’s gone right under the noses of City analysts who are pre-occupied with trying to manage ailing UK/US-centric portfolios.
This is just one of the many live opportunities open to Profit Hunter subscribers.
To discover just how profitable these opportunities can be, take a look at the following report. It reveals what we believe is the next ‘slingshot’ market that could potentially double your money over the next 12 months.
You’ll be able to access this African on signing up.
Regards,
Manraaj Singh
Editor Profit Hunter
