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Mini-réseaux hybrides de Nuru en RDC
Proparco has invested EUR 1m in this innovative company to support its growth and improve access to clean and affordable electricity in the eastern region of the Democratic Republic of Congo.
Client presentation

Nuru was set up in August 2015 and develops and operates urban solar hybrid mini-grids in eastern DRC, in North Kivu.
Nuru specializes in commercial and industrial (C&I) clients and households, by developing reliable and clean energy that is comparatively more affordable than existing private solutions based on diesel generators. The proposed tariffs per kWh are 30 to 50% cheaper than the average cost of diesel generators in the region.

Project description

In 2018, Nuru concluded an initial fundraising which allowed it to commission a first 55 kW site in Ben, in North Kivu, and a second 1.35 MW site in Goma which is, by its size, one of the main mini-grids in Sub-Saharan Africa.
Building on these initial successes, the company has developed a pipeline of mini-grid projects in eastern DRC. Nuru has launched an operation to raise equity to finance these projects. In this context, in February 2021, Proparco signed a EUR 1m convertible bond tranche.

Project impact

The expected impacts of the Nuru project are as follows:

  • Over 330,000 people should benefit from reliable electricity over the next 5 years through the solar hybrid mini-grids, i.e. about 335,000 additional beneficiaries. The mini-grids will supply electricity to some 140 schools and health centers and 420 small businesses.
  • The project will support some 5,400 jobs over the next 5 years. Women account for about 44% of Nuru’s employees. Specific actions have been included in the E&S action plan to improve gender equality and formalize Nuru’s policies.
  • The project should reduce annual CO2 emissions by 21,700 teq. 

The project should thereby contribute to SDG 7 (Clean energy), SDG 8 (Decent work and economic growth), SDG 9 (Infrastructure), SDG 10 (Reduced inequalities) and SDG 13 (Climate action).

03/04/2021
Date of signature of the project
Democratic Republic of Congo
Location
Financing tool
1 000 000 Euros
Amount of funding
EUR 1m Loan
Financing details
Congo Energy Solution Limited
Client
CES