Sustainable investments in Burundi

Blockhomes Burundi has now contracted Raire Invest for the financing of Power One, a 12 MW power plant in Kabonga, Burundi.

Blockhomes Burundi has been assigned by Burundi's Energy Ministry to handle the electrification of Kabonga-a previously non-electrified region in southern Burundi. The area is incredibly beautiful and lies along Tanganyika's beach towards the border with Tanzania.

Thirty-one thousand families are living in Kabonga, who mainly feed on agriculture and fishing. Kabonga community is located by the lake, but most residents live on their farms.

Currently, about 3,000 customers have registered, but the influx continues and is expected to grow to at least 5,000 before the plant is put into operation.

Through the area flows a small river with a steady flow all year round. The fall height is over one hundred meters. From this, hydropower will be extracted with several modern small-scale power plants, which do not harm the river's biological diversity. At the beach of Tanganyika, the wind is suitable for wind power. However, the primary source and central for electricity production is a 10MW solar park located on a high plateau a bit up from the lake.

Since the area of Kabonga has not been electrified previously, Blockhomes Burundi will also install a new electricity network, stable internet connection, and a digital pre-payment system. The customers who have registered today have smartphones and will thus prepay their electricity consumption via an app.

Blockhomes Burundi now offers investors the opportunity to start building Power One at an early stage.

The energy plant in Kabonga is exclusively renewable, also the storage. No CO2 compensation is, therefore, necessary for energy production. On the other hand, the electrification will lead to jobs and economic growth in the area, and thus increased consumption and emissions associated with it.

Therefore, for every $ 100 invested in the energy plant, Blockhomes Burundi will arrange the planting of a tree through the Tree4Life campaign.

 

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