white bar

SUBSIDIARY NAME

PARADIGMA SOCIETE DROIT SARL, DR CONGO

COUNTRY

DEM. REP. CONGO

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

APR 22, 2022

ACQUISITION VALUATION

249.8 MILLION USD

TOTAL ASSET VALUATION

2.4 BILLION USD

ENERGY-OIL-REFINERY-GAS

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. Total capacity planned is 180 MW. Eastern DRC has suitable conditions for solar production, with over 3942-day light hours annually. New power plants to supply electricity to over 1.0 million people.

white bar