Which countries are partnering with cigenco to build a solar power plant?
Kinshasa, the Democratic Republic of Congo, November 25, 2021 - To scale up clean energy production capacity in the Democratic Republic of Congo, IFC, Globeleq, CIGenCo, Greenshare Energy, Greenshare Congo, Volt Renewables, and Nzuri Energy have partnered to develop a large-scale solar power production plant in the country.
How many people in DRC have electricity?
According to World Bank data, only about 19 percent of DRC's population had access to electricity in 2019. The project was originally developed by CIGenCo, Greenshare Energy, Greenshare Congo, Volt Renewables, and Nzuri Energy. IFC and Globeleq (as lead developer) have come on board to drive the project forward and help it reach completion.
Why does the DRC need a power plant?
The DRC urgently needs investment in its power sector to meet its increasing industrial demand and production deficit. Together with IFC and Globeleq, we will build a landmark power plant for the DRC that will catalyze its nascent independent renewable energy industry," said Greenshare Congo DRC representative, Dr. Adolphe Ngoyi Kitengie.
How long does it take to build a solar plant in DRC?
Construction of the solar plant is expected to begin in 2023 and should be completed within 12 months. Once complete, it will be among the largest solar PV projects in the DRC. About IFC IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets.
What does the IFC project mean for DRC?
The project underscores IFC's commitment to early-stage, innovative energy projects and the government of DRC's efforts to increase and diversify its electricity output. According to World Bank data, only about 19 percent of DRC's population had access to electricity in 2019.
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