PIDA Investment Prospectus
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Energy Central African Republic, Chad, Republic of Congo, DRC ECCAS

Development of the BAC and LOTEMO Hydroelectric Sites on the Lobaye River, and Related Works in CAR

Current Stage: Feasibility 50%
USD 406.50M

Total Project Cost

USD 0.00M

Investment Required

8

Stakeholders

4

Countries

Project Overview

Description

The hydroelectric development sites on the Lobaye are located in the South-West of the Central African Republic (CAR), in the locality of M'baïki, 100 km from Bangui. This location is par excellence favorable to the supply of electricity to border countries such as the Republic of Congo in its North-Eastern part, the DRC in its equatorial part (the city of Libengué and its surroundings). The Lobaye project, with an installed capacity of 60 MW.

Objectives

For the Central African Republic - Interconnection with the Boalibangui system, interconnection with the lines from DimouI, and Inga - Supply the Prefecture de Mbïaand the forestry and mining companies which are located there. For the Republic of Congo: - Supply the towns and new villages and Betou - Supply the forestry companies established in the region. For the DRC - Supply the town of LIBENGE and its surroundings.

Strategic Importance

Strategic project to enhance electricity supply in a severely underserved region, supporting economic development across borders.

Technical Specifications

Technology & Design

Hydroelectric power plants on the Lobaye River.

Capacity & Size

60 MW total installed capacity

Technical Details

Hydroelectric development with an installed capacity of 60 MW, with transmission infrastructure to connect with neighboring countries.

Development, Implementation & Financial Details

Development Timeline

Feasibility studies to be completed by 2024, with project structuring by 2025.

Latest Implementation Updates

UPDATED
Feasibility studies 2023-2024, project structuring 2025-2026, construction 2027-2030, operation from 2030.

Financing Structure

The project is expected to be financed through a combination of public funding and support from development finance institutions.

Capital Structure

80% debt, 20% equity

Project Timeline

Start Date

January 2024

Expected Completion

December 2030

Development Timeline

Feasibility studies to be completed by 2024, with project structuring by 2025.

Project Status History

Status 2020

Feasibility

Status 2022

Feasibility

Status 2024

Feasibility

Additional Project Details

Preparation Funding Gap

USD 2.00M

Construction Timeline

Construction expected to take 3-4 years after financial close.

Legal & Financial Advisors

To be appointed

Market Analysis

Market Analysis

Severe electricity shortages in the project area, with significant unmet demand.

Market Demand

Growing demand for electricity to support economic development in a post-conflict context.

Key Stakeholders

Project Sponsor

Ministry of Energy and Hydraulic Resources, CAR

Key Parties

Ministry of Energy and Hydraulic Resources (CAR)

Investors

Government of CAR, African Development Bank, World Bank

Contractors & Operators

To be determined through competitive procurement

Risk Assessment

General Risk Assessment

Political risks due to regional instability, financing challenges, technical implementation risks.

Regulatory Risks

Regulatory framework may require strengthening to support cross-border power trade.

Impact Assessment

Environmental Impact

Environmental impact assessment required, with focus on river flow management.

Social Impact

Enhanced energy access, support for economic development, potential for regional cooperation.

Investment Opportunities

Private Sector Opportunities

Participation in feasibility studies. There is good private sector interest in power generation projects hence the possibility of PPPs in implementation are good if the enabling environment is in place.

Next Steps & Agreements

Next Steps

Complete feasibility studies, secure financing, begin project structuring

Offtake Agreements

Power purchase agreements to be established with national utility and utilities in neighboring countries.

Contact Information

Ministry of Energy and Hydraulic Resources, CAR