DRC Green Mini-Grid Program (GCF-FP096)

Countries
  • Congo, Democratic Republic of
Where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 31, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
African Development Bank
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 21.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 89.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ GCF website

Updated in EWS Jul 29, 2020


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Project Description

The preparation of the mini-grid projects has been led by the DIFD-supported Essor Access to Electricity (Essor A2E) program which aims at supporting the development of green mini-grid solar projects in the DRC over the next few years. Phase I will procure three solar PV mini-grids projects through a competitive tendering process (to be launched in Q3 2018) in the cities of Isiro, Bumba and Genema. The subsequent tenders will replicate the scheme and scale up investment to the sector. Envisioned mini-grids would consist of hybrid PV power plants, back up diesel generation, and battery storage (equivalent to 24 hours consumption) with associated 15kV distribution and LV networks to reach scattered consumers. Each mini-grid will aim to connect around 10,000 households and businesses over the life of the projects. It is estimated that around 80-85% of generation will be from solar PV and the balance will be diesel-based. Anchor customers such as REGIDESO (water supplier with envisioned escrow account mechanism) and SMEs will be identified for each mini-grid. The AfDB is engaging closely with the Essor program to provide debt financing and arrange co-financing from the GCF and others for three selected projects as a lead arranger.

Investment Description
  • Green Climate Fund (GCF)
Contact Information
National Coordination of the Green Climate Fund
Mr. Hans André Lohayo Djamba
Mobile: +234 822 541 031
Work: hansandredjamba@gmail.com

 

ACCESS TO INFORMATION

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