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    Signature(s)

    Amount
    € 120,000,000
    Countries
    Sector(s)
    Congo (Democratic Republic) : € 120,000,000
    Energy : € 120,000,000
    Signature date(s)
    10/12/2008 : € 55,000,000
    10/12/2008 : € 65,000,000
    Link to source

    Summary sheet

    Release date
    10 April 2008
    Status
    Reference
    Signed | 10/12/2008
    20060268
    Project name
    Promoter - financial intermediary
    Inga Power Rehabilitation Project

    DRC Government / SNEL
    Contact point: Mr Yengo Massampu, Director General, SNEL

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 110 million.
    EUR 600 million.
    Description
    Objectives

    The project consists of the rehabilitation of the existing Inga Power plants and associated transmission and distribution infrastructure in the Kinshasa region and Katanga. These will include inter alia the construction of a new transmission line between Inga and Kinshasa and the rehabilitation of 3 sub-stations in the Katanga region.

    The Government and SNEL want to increase the reliability and quantity of supply of electricity from Inga for both export and domestic markets.

    Environmental aspects
    Procurement

    The project has been subject to Environmental and Social Impact Assessment procedure, acceptable to the financing institutions, including the EIB. The promoter has set up a specific Environmental and Social Management Unit to monitor the impacts of the project. Overall, the environmental risk management of the project is acceptable.

    The Bank will require that the procurement of Bank-financed contracts be done according to the Bank’s Guide to Procurement. The other contracts (expected to be financed in parallel by WB and AfDB) will be purchased according to the respective rules of these institutions.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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