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$450,000,000$89,000,000/EBITDA

The 600 MW Solar Power Project in the Democratic Republic of the Congo (DRC) represents a strategic renewable energy investment designed to address one of Africa’s most significant power deficits. Located northeast of Kinshasa, ...

$450,000,000$89,000,000/EBITDA
$89,000,000
$50,000,000TBA/EBITDA
Copper-Cobalt
Congo | Mining Businesses | L#20220379

The area is located within the Copperbelt Region in the southwest portion of the DRC, in Kambove Territory, Haut-Katanga District, and Katanga Province. The location is situated approximately 2 km southeast of the Luisha mining ...

$50,000,000TBA/EBITDA
TBA
property

600 MW DRC Solar Power Project RTB

EBITDA

$89,000,000

Gross

$98,857,000

Price

$450,000,000
property

Copper-Cobalt Mining Project

EBITDA

TBA

Gross

TBA

Price

$50,000,000

Businesses for sale in Congo

The Democratic Republic of the Congo, a vast Central African nation, unfolds as a realm of untamed wilderness and cultural diversity. Kinshasa, the bustling capital along the Congo River, reverberates with vibrant music and urban energy. Virunga National Park, home to endangered mountain gorillas, showcases the country's commitment to conservation. The Congo Basin rainforest, one of Earth's lungs, teems with biodiversity. Ancient rock art in the Ennedi Plateau whispers of prehistoric civilizations. Despite challenges, the warmth of Congolese hospitality and the cascading beauty of Boyoma Falls create a narrative of resilience and natural splendor in this vast and enigmatic land.

The 600 MW Solar Power Project in the Democratic Republic of the Congo (DRC) represents a strategic renewable energy investment designed to address one of Africa’s most significant power deficits. Located northeast of Kinshasa, the project will generate approximately 1,040,600 MWh annually, leveraging high solar irradiation levels across a 900-hectare site.

The facility will employ MonoPERC (monofacial or bifacial) photovoltaic modules (1500V DC) mounted on one-axis tracking systems (+/- 60°), ensuring optimal performance and efficiency. The plant’s output will connect t,o the Kimwenza Substation (220 kV) via a 39.6 km transmission line, enhancing grid reliability and expanding national energy access.

This initiative is developed under a 25-year Power Purchase Agreement (PPA) with the National Electricity Company of DRC (SNEL), structured as a take-or-pay model inclusive of deemed energy provisions. The PPA is backed by the Provincial Government of Kinshasa and governed under English law, with arbitration through the International Chamber of Commerce (ICC), Geneva.

Project Framework and PPA Highlights

  • Client/Off-taker: SNEL (National Electricity Company)
  • Seller/Developer: SUNPLUS SARL
  • Contract Term: 25 years
  • Tariff: USD 0.095 per kWh (first 3 years fixed), adjusted thereafter per U.S. CPI
  • Payment Security: Take-or-pay structure with continued payments in case of connection disruptions or disputes
  • Government Incentives: Free land provision and exclusivity rights
  • Full customs and tax exemptions
  • Provincial parliamentary ratification
  • BOOT/IPP payment guarantees

Financial Overview

Estimated Project Cost: USD 450-460 million usd (Based on an average of USD 750,000 per MWp)

Cost Breakdown:

  • EPC (including design, materials, and construction): USD 200–220 million (60–70%)
  • Solar Panels: USD 115 million
  • Land Acquisition: USD 20 million
  • Mounting Structures: USD 90 million
  • Electrical Infrastructure: USD 30 million
  • Monitoring & Control Systems: USD 5 million
  • Miscellaneous/Contingencies: USD 10 million

Total Investment: USD 450 million (base case)

Financial Performance (Projections):

  • IRR: 20 %
  • Payback Period: 5 years
  • Annual Revenue (Year 1): USD 98.8 million
  • Operational Lifespan: 25 years

These indicators reflect robust financial viability, with strong cash flow generation and early capital recovery under a secured long-term PPA.

Socio-Economic and Environmental Impact

The project will play a transformative role in the DRC’s energy transition by:

  • Providing clean energy to over 1 million households
  • Creating thousands of local jobs during construction and operations
  • Stimulating regional economic development through reliable power supply
  • Reducing CO₂ emissions by over 600,000 tons annually
  • Supporting the DRC’s alignment with UN Sustainable Development Goals (SDGs 7, 8, 9, and 13)

Financial Forecast

Financial / Operational Parameter Value / Detail
Location / Offtaker Democratic Republic of Congo (Kinshasa) / SNEL (National Electricity Co.)
Installed Capacity 600 MW
Total Estimated Project CAPEX ~$450,000,000 USD
Expected Annual Generation 1,040,600 MWh
Secured Power Tariff (PPA) $0.095 / kWh ($95 / MWh, 25-year Take-or-Pay contract)
Estimated Annual Gross Revenue (Year 1) ~$98,857,000 USD
Estimated Annual OPEX ~$9,850,000 USD (O&M, insurance, administration)
Estimated Annual EBITDA ~$89,007,000 USD (Revenue minus OPEX)
Implied EBITDA Margin ~90.0%
Projected Equity IRR 20%
Payback Period 5 Years

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