Investment in industrial and commercial power grid energy storage in the Democratic Republic of the Congo

What is the energy potential of the DRC?

The DRC has immense and varied energy potential, consisting of non-renewable resources, including oil, natural gas, and uranium, as well as renewable energy sources, including hydroelectric, biomass, solar, and geothermal power.

What is the electricity access rate in the Democratic Republic of Congo?

The public version of the resulting report of the effort is available here. The Democratic Republic of Congo’s national electric-ity access rate is estimated at 19%. Less than 1% of the rural population and 41% of the urban population has energy access. Of the country’s 10 million house-holds, only 1.6 million have have access to electricity.

How many people in eastern DRC will have access to electricity?

As a result, over 28,000 households and businesses in eastern DRC will have access to more affordable and reliable electricity. “Though it was a complicated transaction, MIGA worked diligently to innovate and provide guarantees to de-risk this metro-grid investment,”said Jessica Stiefler, Senior Underwriter and Distributed Energy Lead at MIGA.

What is the government's vision for power generation in Congo?

The government’s vision is to increase the service level to 32 percent by 2030. Lack of access to modern electricity services impairs the health, education, and income-generating potential of millions of Congolese people. Most power generation development is directed and funded by mining companies seeking to power their facilities.