As a result, over 28,000 households and businesses in eastern DRC will have access to more affordable and reliable electricity. “Though it was a complicated transaction, MIGA worked diligently to innovate and provide guarantees to de-risk this metro-grid investment,”said Jessica Stiefler, Senior Underwriter and Distributed Energy Lead at MIGA.
The public version of the resulting report of the effort is available here. The Democratic Republic of Congo’s national electric-ity access rate is estimated at 19%. Less than 1% of the rural population and 41% of the urban population has energy access. Of the country’s 10 million house-holds, only 1.6 million have have access to electricity.
The DRC aims to connect 32% of the country to elec-tricity by 2030. Meeting this challenge will require co-ordinated efforts from various stakeholders, support-ive policies and regulations, and technical assistance support to prospective projects in order to attract in-vestments.
There is no interconnected national power transmis-sion network in the DRC, which is instead structured into three independent interprovincial grids. The western and southern grids are connected by a High Voltage Direct Current (HVDC) line. The eastern grid is more remote and will not be be connected.
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