DR Congo SNEL completes $375 million financing with Glencore

DR Congo SNEL completes $375 million financing with Glencore

In return for repayments in kind, the state-owned power group has received the final tranche of funding for a 450 MW investment programme in the Democratic Republic of Congo.

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            ▪ DR Congo SNEL completes $375 million financing with Glencore

▪ In return for repayments in kind, the state-owned power group has received the final tranche of funding for a 450 MW investment programme in the Democratic Republic of Congo.

https://www.africabusinessplus.com/en/811269/dr-congo-snel-closes-375-million-financing-with-glencore/

The disbursements were made over ten years after the signing in 2012 of the financing agreement between the Congolese National Electricity Company (SNEL) and the Swiss trading group Glencore.

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