Buffett-financed 13.8 MW small hydro project opens in DRC

Democratic Republic of Congo

A 13.8 MW hydropower plant financed by American philanthropist Howard G. Buffett is now delivering much needed electricity to the Democratic Republic of Congo's North Kivu province.

Located in the town of Matebe, the unnamed US$19.7 million small hydroelectric project is one of three in the province to be bankrolled by the son of billionaire investor Warren Buffett.

The Howard G. Buffett Foundation has also pledged an additional $29 million toward the other two plants, with Belgium and the European Union also contributing.

Buffett's efforts are part of his initiative to help develop DRC -- less than 16% of which has access to electricity, contributing heavily to the country's rank amongst the lowest on the United Nations' Human Development Index.

For more news from Africa, visit here.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs