Gigawatt Burundi

Subsidy : June 2016 - March 2017

BIO has supported the realisation of a feasibility study regarding the financing & construction of the Mubaga 7.5MW solar PV project in Burundi.

Amount

€ 42,794.00

Type of investment

Subsidy

Development impacts

  • Fight against climate change and preservation of natural resources
  • Local economic growth

Beneficiary locations

Sub-Saharan Africa: Burundi

Investment field

Infrastructure

Activity

Energy - Solar

Organisation

Gigawatt Burundi

Domicile

Burundi

The goal of the project is to increase Burundi’s energy access through a 7.5MW solar PV project.

The project is expected to;

  • Increase energy production; The current installed power in Burundi is 56MW. The plant would increase that with 14%;
  • Produce clean energy; renewable and sustainable energy production and reduction of greenhouse gas emission by decreasing the use of diesel;
  • Job creation; 300 construction workers most of whom will be Burundian and 50 long-term position of which 30 full-time maintenance jobs and 20 subcontractors from local businesses.

Development impacts

  • Fight against climate change and preservation of natural resources
  • Local economic growth

View more of our investments in this region

The Currency Exchange Fund n.v.

Financial Institutions

The Currency Exchange Fund n.v.

  7,091,000.00

  Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

  05/09/2007

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Banque de Crédit de Bujumbura

Financial Institutions

Banque de Crédit de Bujumbura

  1,053,568.00

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  18/09/2020

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Ethos Mezzanine Partners 3

Investment Companies & Funds

Ethos Mezzanine Partners 3

  8,868,980.00

  Burundi, Ethiopia, Kenya, Malawi, Mozambique, Rwanda, South Africa, Tanzania, Uganda, Zambia

  13/06/2019

  Equity