DR Congo: Funding for green mini-grids

Issue 379 - 26 Oct 2018 | 1 minute read

The Green Climate Fund (GCF) has approved a proposal by the African Development Bank (AfDB) for a $20m senior loan and $1m grant for a green mini-grid programme in the Democratic Republic of Congo (DRC). The AfDB is matching the package, bringing the combined funding to $42m. The loans will finance three pilot solar photovoltaic and battery-powered mini-grids with diesel back-up expected to cost a combined $87m to develop, according to the project documents.

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