TDB Group Achieves Financial Closure for $35 Million Hydropower Projects in Burundi

TDB Group and Anzana Electric Group have successfully closed a $35 million long-term financing facility for two hydropower projects in Burundi, the 1.65 MW Upper Ruvyironza and the 9.0 MW Upper Mulembwe, set to generate over 62 GWh of electricity annually to the national grid. This initiative marks the largest project financing in Burundi, boosting the nation's operational generation capacity by over 10%. Anzana Electric is the sole equity investor in these projects, developed under a Public-Private Partnership (PPP) framework, and aims to improve electricity access from 10% of the population. TDB's role as a multilateral development finance institution underscores its commitment to enhancing Africa's electricity sector through renewable energy projects. The Songa Energy projects, a portfolio of Anzana, benefit from political risk insurance provided by the African Trade & Investment Development Insurance (ATIDI), ensuring a stable investment environment. The Burundian government has also contributed by fostering supportive policies and collaboration for project success. The projects will advance national electrification, create jobs, and contribute to climate goals. Songa Energy, one of Burundi's earliest Independent Power Producers, partners with the government to expand regional energy access up to 70% by 2030.