Lufira hydropower project, Democratic Republic of Congo
Name of the Project
Lufira hydropower project.
Location
Along the Lufira river, in the Democratic Republic of Congo (DRC).
Project Owner/s
African Export-Import Bank (Afreximbank).
Project Description
The project entails the development of 200 MW reservoir-based hydropower. It is also expected to reduce greenhouse-gas emissions by about 108 000 t/y of CO2-equivalent, thereby helping the DRC meet its climate targets under the Paris Agreement and updated Nationally Determined Contributions.
Potential Job Creation
The initiative is expected to create more than 2 000 direct jobs and 952 potential indirect jobs, and the augmentation of fishing and other economic activities on the reservoir.
Capital Expenditure
Not disclosed.
Planned Start/End Date
Not stated.
Latest Developments
Too early to state.
Key Contracts, Suppliers and Consultants
Kipay Investments SAS (develop, design, build, install, commission and operate, and manage a reservoir-based hydroelectric power plant).
Contact Details for Project Information
Afreximbank, tel press@afreximbank.com.
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