PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

604287

Primary Business Area

Infrastructure and Natural Resources

Disclosure Date

Aug 12, 2019

Country

Congo, Democratic Republic of

Region

Africa

IFC Approval Date

Jul 29, 2019

Status

Completed

Estimated Total Budget

$320,760.00
(Project budget includes all project-funded activities)

Last Updated Date

Apr 12, 2024

Project Estimated Start Date

Jul 1, 2019

Project Estimated End Date

Jun 30, 2020

Project Description

IFC is providing advisory services to Kivu Green Energy (KGE), a mini-grid company operating in the Democratic Republic of Congo (DRC), to improve the Client's strategy and approach to expansion. IFC's contribution includes: (i) bringing insights and experiences from other advisory engagements with mini-grid operators in other parts of the Sub-Saharan Africa region; (ii) a set of tools and methodologies to oversee the feasibility studies for the different sites that KGE is interested in, in terms of expansion; (iii) deep knowledge of emerging markets across Sub-Saharan Africa; and (iv) a network of private sector companies and investors in the off-grid sector space with whom it is possible to consider potential partnerships for KGE and identify opportunities for innovation and help scale-up viable energy access solutions for KGE in the DRC.

Development Results

E&S Risks / Impacts and Mitigation