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.