Congo
| SUBSIDIAIRY NAME | COUNTRY | SECTOR/INDUSTRY | OWNERSHIP % | ACQUISITION DATE | ACQUISITION VALUATION | TOTAL ASSET VALUATION |
|---|---|---|---|---|---|---|
| IIB KATENDE | REP. DEM. CONGO | ENERGY | 100% IIB-DG | JUNE 8,2020 | 300 MILLION USD | 3 BILLION USD |
| ENVOLCO SARI | REP. DEM. CONGO | ENERGY | 30% IIB-DG | DECEMBER 2, 2020 | 175 MILLION USD | 1.7 BILLION USD |
| IIB BOBINDO | REP. DEM. CONGO | ENERGY | 100% IIB-DG | JUNE 8TH 2020 | 300 MILLION USD | 3 BILLION USD |
| BIOPHARCO | REP. DEM. CONGO | PHARMACEUTICAL | 35% IIB-DG | OCTOBER 20TH, 2020 | 345 MILLION USD | 3.45 BILLION USD |
| PARADIGMA SOCIETE DROIT SARL, DR CONGO | REP. DEM. CONGO | ENERGY | 70% IIB-DG | APR 22, 2022 | 249.8 MILLION USD | 2.4 BILLION USD |
| DAM DEVELOMENT INT. RDC, S.A.R.L | REP. DEM. CONGO | ENERGY | 70% IIB-DG | APR 18, 2022 | 11.27 BILLION USD | 112.7 BILLION USD |
| MR TCHUKUBUTA BYAOMBE NEHRMIE | REP. DEM. CONGO | ENERGY | 70% IIB-DG | MAR 28, 2022 | 11.27 BILLION USD | 112.7 BILLION USD |
| Waste to Energy and Photovoltaic Power Generations |
REP. DEM. CONGO | ENERGY | 70% IIB-DG | MAY 16, 2022 | 535 MILLION USD | 5.35 BILLION USD |
| CONSTRUCTION OF TRANSMISSION PIPELINE AND HYDROCARBON STORAGE DEPOTS |
REP. DEM. CONGO | PROCESS ENGINEERING & DESIGN | 70% IIB-DG | MAY 22, 2022 | 400 MILLION USD | 4 BILLION USD |
| CONSTRUCTION OF MODULAR REFINERY | REP. DEM. CONGO | PROCESS ENGINEERING & DESIGN | 70% IIB-DG | MAY 22, 2022 | 415 MILLION USD | 4.15 BILLION USD |
| WASTE TO ENERGY AND PHOTOVOLTAIC POWER GENERATIONS | REP. DEM. CONGO | ENERGY | 70% IIB-DG | MAY 16, 2022 | 535 MILLION USD | 5.35 BILLION USD |
ENERGY, OIL REFINERY, and GAS
IIB KATENDE: IIB-DG acquired IIB Katende on June 8, 2020, for the development, construction, and operation of a 300 MW Hydro-power to power generation facility and accompanying infrastructure to be located in DRC. Under 25 years’ concession, IIB-DG will develop, construct and operate a 300 MW Power plant located in South Ubangi, DRC. Under the 25-year PPA, IIB-DG will sell power to the Province of South Ubangi, Export power to Central Africa and the Republic of Congo, with whom South Ubangi shares borders.
The Project will help meet this increasing demand. By providing more efficient baseload power, the Project will help improve the energy supply and price stability. The Project will also assist in achieving the country’s goal of diversifying its generation base and reducing reliance on imported energy.
DAM DRC SARL AND CSR SOLUTIONS: IIB-DG, on December 2, 2020, acquired DAM DRC SARL and CSR Solutions in DR CONGO. The funds will be used to obtain and procure EPC contractors to construct an oil refinery facility in the South Kivu Region. IIB is authorized to carry on business in Onshore and Offshore Oil & Gas services, serve as representatives of foreign oil and gas projects and service companies, provide general oil & Gas consulting services, and has just added an oil refinery to its business lines.
PARADIGMA SOCIETE DROIT SARL: IIB-DG acquires PARADIGMA SOCIETE DROIT SARL Develop clean energy – focus on solar power production. Clean power produced will support the needs of businesses and the local population. The effort will support environmental conservation by reducing reliance on fossil fuels. The total capacity planned is 180 MW. Eastern DRC has suitable conditions for solar production, with over 3942-daylight hours annually. New power plants supply electricity to over 1.0 million people.
DAM DEVELOPMENT INT. RDC, S.a.r.L: IIB-DG acquires DAM DEVELOPMENT INT. RDC, S.a.r.L on APR 18, 2022, for Supporting the efforts of various governments in Africa and beyond in their quest to reduce the unemployment situation. Improving foreign exchange. Improving national strategic stocks in DRC and beyond. Taking advantage of expected benefits that will arise from the petroleum hub project (a $50B ticket project) currently being promoted by the Government of DRC. The project proposes to construct a 300,000 barrels per day crude oil processing refinery. The refinery will be designed to be integrated and self-sufficient and will be delivered as a complete package with the required power backups. The complete package will comprise the following processing units.
MR TCHUKUBUTA BYAOMBE NEHRMIE: The intention is that the CSR & DAM RDC SARL is to develop 300, 000 barrels per day of oil refinery in the DRC. It will be located in the KARAMBA area in Fizi territory, South Kivu Region. The total estimated cost of the project is $11.27 billion. The money will be used to obtain and procure EPC contractors to construct the facility. This oil refinery project is owned by DAM DRC SARL and CSR Solutions.