The latest BGFA agreement has been signed with Nuru Société par Actions Simplifée Unipersonnelle (Nuru SASU) to scale up the development of new mini-grids, or metro-grids as Nuru refers to them. In total, up to EUR 5 million in results-based financing will be provided from BGFA to the project. It is expected that the investment will mobilise EUR 28 million in additional co-financing over the coming four years.
Nuru SASU, which means light in Swahili, is a company focused on providing clean energy solutions in underserved peri-urban and urban communities in the DRC. The company deployed the country''s first commercial solar-based mini-grid in 2017. To date, Nuru has delivered over 7,700 MWh of energy through the deployment of four metro-grids.
"BGFA''s results-based financing has been instrumental in securing new equity and project financing to develop our new metro-grid in Bunia. Together, we will bring power to over 125,000 people and reduce CO2 emissions by up to 8,000 metric tonnes by the end of the project implementation. We are grateful to partner with BGFA, which recognises the significant energy gap in the DRC and the multi-decade transformation that Nuru''s renewable energy infrastructure can bring to the country in cities like Bunia," says Jonathan E. Shaw, Co-Founder and CEO of Nuru
"By supporting Nuru to further develop and deploy mini-grids in the DRC, we are able to support the scale-up of electricity access to people living in peri-urban areas, thereby supporting social development, economic growth and the green transition in Northern DRC," comments Aleksandra Reskalenko, Programme Officer at Nefco.
The Beyond the Grid Fund for Africa has so far contracted three companies in the DRC. In total, it has contracted 29 companies across Burkina Faso, the DRC, Liberia, Uganda and Zambia. Once implemented, the current programme portfolio will have the potential to reach more than 8.6 million people across these five countries. The BGFA funding window in the DRC is funded by Sweden.
Nuru, which means ''light'' in Kiswahili, seeks to provide energy to unlock the incredible human potential in the Democratic Republic of the Congo. By delivering world-class energy services, Nuru aims to empower 10 million Congolese people. Headquartered in Goma, Nuru has been at the forefront of transforming the DRC''s energy landscape since it was founded in 2015. Read more at nuru.cd
The current EUR 126 million BGFA programme was established in 2019 on Sweden''s initiative through the Swedish International Development Cooperation Agency (Sida). It has since been developed by Nefco into a multi-donor programme funded by Denmark through the Ministry of Foreign Affairs, Germany through its development bank KfW, Norway through the Norwegian Agency for Development Cooperation Norad and Sweden. Power Africa, an initiative administered by USAID, is providing an in-kind technical assistance contribution. Read more at
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