Project Overview

The Democratic Republic of Congo (DR Congo) has entered into a cooperation agreement with Chinese engineering company SEPCO, a subsidiary of state-owned PowerChina, to develop energy and industrial projects, including a proposed 100 MW solar photovoltaic (PV) power plant targeted for completion by June 2027.

The partnership involves SEPCO and the National Agency for Electrification and Energy Services in Rural and Peri-Urban Areas (ANSER), with Carousel Finance Africa appointed as the project's financial structuring partner.

Project Location and Capacity

The first phase involves developing a 100 MW solar PV facility in Bukangalonzo, Kwango Province. The plant is expected to connect to the national electricity grid operated by Société Nationale d'Électricité (SNEL) through the Bukangalonzo substation.

The project aims to improve electricity supply to Kenge and surrounding areas of Kinshasa, supporting electricity access and industrial development.

Investment and Financing Structure

The cooperation agreement covers energy infrastructure and industrial development, with an indicative investment allocation of:

70% for energy infrastructure.
30% for industrial development.

The proposed financing structure includes supplier credit. Discussions have also commenced with Sinosure, China's state-owned export credit insurer, regarding risk-management and export credit insurance arrangements.

However, the total project investment, individual financier contributions and supplier credit repayment terms have not been disclosed.

Project Participants and Their Roles

SEPCO: Chinese engineering company and project development partner.
PowerChina: Parent company of SEPCO.
ANSER: Government agency and local project partner.
Carousel Finance Africa: Financial structuring partner.
SNEL: National grid operator and intended electricity recipient.
Sinosure: Prospective export credit insurance and risk-management provider.

Project Status and Timeline

The cooperation agreement followed a delegation visit to Jinan, China, from 26–28 October 2026. The project remains at the cooperation and development stage, with financing and commercial arrangements still requiring clarification.

The targeted delivery date is June 2027.

Key Outstanding Information

The following details have not yet been disclosed:

Total project cost.
Confirmed equity contributions.
Confirmed debt financing amount.
Grant funding, if any.
Supplier credit repayment terms.
Electricity tariff and power purchase agreement (PPA).
Grid connection and transmission infrastructure costs.

Conclusion

The SEPCO–ANSER partnership represents a proposed 100 MW utility-scale solar investment in DR Congo. Its financing is expected to involve supplier credit, supported by potential export credit insurance arrangements. However, the financing amount and final financial commitments remain undisclosed. The project should therefore be classified as a solar energy project under development, rather than a fully financed or operational project.

Website	https://sepcoauctioneering.co.tz/
Domicile	China
Countries Active	Congo - Kinshasa
Total MW	100 MW
Organization Type	EPC Contractor, Owner

Project	MW	Role	Amount	Status


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