SUBSIDIARY NAME
IIB KATENDE
COUNTRY
DEM. REP. CONGO
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
100% IIB-DG
ACQUISITION DATE
JUNE 8,2020
ACQUISITION VALUATION
$300 MILLION USD
TOTAL ASSET VALUATION
3 BILLION USD
ENERGY-OIL-REFINERY-GAS
IIB KATENDE: IIB-DG acquired IIB Katende – in June 8, 2020 for the development, construction, and operation of 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 25-year PPA, IIB-DG will sell power to the Province of South Ubangi, Export power to Central African and Republic of Congo with whom South Ubangi share 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.