Nuru DRC

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Congo Energy Solutions Limited (“CESL”, “Nuru”, or the “Company”) is leading a project to develop, build and operate three solar hybrid mini-grid projects in the Democratic Republic of Congo (DRC). Each mini-grid will combine solar photovoltaic panels, battery energy storage systems, and diesel generators to provide up to 15MW of generation capacity in Bunia (8MW), Goma (5MW) and Kindu (2MW), the capital cities of DRC’s Ituri, North Kivu and Maniema provinces, respectively (the “Project”). The mini-grids will operate independently (i.e., they will not rely on electric power supply from the main electricity grid). The Project is expected to provide more affordable and reliable electricity to 28,000 households and businesses that currently have expensive, unreliable, unsustainable, or no access to electricity. Potential commercial and industrial off-takers include telecom tower operators, water pumping stations and substations, agri-processing and milling companies, national banks, and water bottling factories. In addition to IFC's own account investment, the Project is expected to be supported by the Finland-IFC Blended Finance for Climate Program, as described in the Blended Finance Section.