Multinational - Africa Hydropower Modernisation Programme 2 -Mighty Land - Lubilanji 1 (DRC) (AFDB-P-Z1-FAB-038)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 22, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
SN Development B.V., Themis Infra, Mainstream Energy Solutions Ltd, and others
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.14 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 0.14 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 0.28 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ AFDB website

Updated in EWS Mar 2, 2024

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the AfDB, the African Hydropower Modernization Program (AHMP) is part of a programmatic approach aims to encourage private investment in the rehabilitation and modernization of the continent's historic assets. With a total cost of $9.72 million for the extension phase, the program comes at a time when the continent is facing the inadequate performance and ageing of its hydropower fleet, as well as the challenge of having flexible capacity to integrate variable renewable energy production sources such as wind power or solar photovoltaics. As well as being the beneficiary of financing for the management of the program, the Bank is also acting as sponsor and manager of the program, with a project team made up of experts from three departments of the energy complex.

The main objective of the African Hydropower Modernization Program (AHMP) is to encourage private investment in the rehabilitation and modernization of historic assets on the continent. Specifically, the AHMP extension aims to support 12 projects across the continent.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the AfDB, the beneficiaries of the African Hydropower Modernization Program (AHMP) are a heterogeneous set of structures operating in Africa, including: i) SN Development B.V., Themis Infra, Mainstream Energy Solutions Limited, North South Gurara Energy Company Limited, North South Power Company Limited and Shiroro Solar Generating Company Limited as project promoters, who receive reimbursable grants for project preparation; ii) Bethlehem Hydro (Pty) Limited, Mighty Land Investment Group and Sudanese Hydro Generation & Renewable Energies Co. Ltd as plant owners, who receive grants for plant rehabilitation; and iii) the AfDB as funding recipient for program management.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Mainstream Energy Solutions Limited Client Energy
- - - - Mighty Land Investment Group Client Energy
- - - - Neo Themis Energy Client Energy
- - - - North South Power Client Energy
- - - - Renewable Energy Holdings (Pty) Ltd Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AfDB Team Leader:

Moeketsi Enos Thobela
Email: m.thobela@afdb.org

Clients -

Renewable Energy Holdings (Pty) Ltd/Bethlehem Hydro (Pty) Limited:

Website: http://www.rehgroup.co.za/

North South Power:

Address: Plot 1386 Tigris Cres, Maitama 904101, Abuja
Phone: +234 09 291 8045
Email: info@northsouthpower.com
Website: https://northsouthpower.com/ / https://northsouthpower.ca/about-us/

Mighty Land Investment Group:

Address: 2, avenue Odia David , Mbuji-Mayi - Kasaï Oriental - RDC
Phone: +243 973 450 000 / +243 810 001 135
Email: demo@example.com / info@example.com
Website: https://mli-energy.com/Home/About

Mainstream Energy Solutions:

Address: # 6 Yedseram Street, Off IBB Way, Maitama Abuja
Phone: +2349094001000
Email: info@mainstream.com.ng
Website: https://www.mainstream.com.ng/

Neo Themis:

Address: Lot 57, Tour CFC, Quartier Casa-Anfa, Hay Hassani, Casablanca, Morocco
Phone: +212 5 291 52911
Email: info@themisenergy.com
Website: https://www.neothemis.com/

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBÕs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process 

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/ 

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How it works