People
SDG 7.1 + 7.2 – Access to affordable and reliable renewable energy.
Expected impact: 97k consumers are expected to benefit. The largest impact will be felt by users that consume the most power.
of debt to build and operate a 35MW hydro power plant in Gabon. This will increase access of reliable electricity to 97k consumers, and increase productivity for firms to create indirect jobs and avoid 186k tCO2e per year.
SDG 7.1 + 7.2 – Access to affordable and reliable renewable energy.
Expected impact: 97k consumers are expected to benefit. The largest impact will be felt by users that consume the most power.
SDG 13 – Climate change mitigation
Expected impact: Avoid 186k tCO2e per year.
SDG 8.5 – Achieve full and productive employment
Expected impact: Large number of businesses are expected to benefit which will in turn create indirect jobs in the economy. This will also create 700 new jobs during construction of which 80% (560) will be local.
Challenge: Further power capacity is needed to meet energy demand.
Channel: Kinguele is the first utility scale Independent Power Producers in the country with anticipated demonstration and replication via others.
Outcome: Replication of further IPPs by private sector investors leading to improved resilience of the sector.
Mobilised $41m of private sector investment.
As part of the due diligence process, 60 HSES improvements were identified which are now reflected in the Project Environmental and Social Action Plan (ESAP). Additional studies were required to support the project including biodiversity feasibility studies, the probability of biodiversity offset results and the governance structure for offset mitigation measures.