DR Congo: Exim Bank India Finances DRC Solar

The Indian Export-Import Bank (Exim Bank of India) granted $83.11 million to the government of the Democratic Republic of Congo to finance three solar power plants.

The three solar power plants, with a combined capacity of 35 MW, will be located in the provinces of Karawa, Mbandaka and Lusambo.

“With the signing of these three new lines of credit worth $83.11 million, the Exim Bank has, until then, set up 10 credit lines for the benefit of the government of the Democratic Republic of Congo for a cumulative value of $578 million,” said David Rasquinha, executive director of Exim Bank of India.

The total of the financing from the Exim Bank India went to projects for hydroelectric power stations, power transmission lines, cement production, pumping stations and solar power plants.