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African Development Bank approves $20m to back minigrids in DRC
The board of the multilateral development finance institution has approved a $20 million facility to back the deployment of renewables-based minigrid projects in the Democratic Republic of Congo.
Upon completion, minigrid systems ranging in size from 3 MW to 10 MW will help to provide electricity to 21,200 homes, as well as 2,100 buildings and small- and medium-sized enterprises. In an online statement, the bank said that it expects these projects to provide benefits to at least 150,000 people.