A report from late April 1958 stated that excavation work would hopefully begin by midyear, with 1964/1965 as the year set to bring the initial stage to completion. Plans called for three stages of construction, beginning with a 1,500 MW plant with a $320 million price tag, then twice that capacity, and eventually the 25,000 MW originally approved. Industrial development would advance in step, helped by a start price of $0.002 per kwh, producing 500,000 tons of aluminum with the construction of the first plant and eventually aiming for a final production goal six times that. An international syndicate named Aluminga, comprising a number of European and North American firms, was already organizing to realize this. Funding was an issue, especially once the Belgians realized that they could not accomplish such a project alone. Possible investors cited by the press included the International Bank for Reconstruction and Development and the European Investment Bank.