Billionaire businessman Julius Mwale has partnered with an American firm to build a battery firm in DR Congo.
According to Business Daily, the US Engineering and infrastructure firm KE International enlisted Mwale as one of its partners in the project.
In a statement, Mwale said the battery plant will power smart cities in Kenya and other countries across Africa by providing electric power storage batteries.
“We are investing in building a 16 Gigawatt (16 terawatt) battery manufacturing plant in the DRC, to help power our smart cities in Kenya and the rest of Africa,” he said.
Mwale said he reached the deal during a global conference with a number of financiers including partners for the upcoming project.
“The new partnerships will enable us to expand Mwale Medical tourism city model across Africa, where we have secured 18 locations for smart cities expansion,” he said.
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The battery plant will be constructed next to Cobalt and Nickel mines belonging to the Kenyan tycoon.
The construction will be done by KE International which oversaw the construction of Mwale City in the Western part of Kenya.
“This is expected to solve the supply chain issues, in battery supplies in the world. The batteries will also be used to power electric vehicles, bicycles, and for residential and commercial purposes,” said Mwale.
The electric battery market is estimated to be worth $45 trillion between now and 2050.
Mwale City is built with 100% sustainable sources of energy including hundreds of solar-powered streetlights already brightening up freshly paved roads, as well as the completed solar power plant that produces clean electricity for the city from the sun.
It also contains a 36-hole golf resort with 4,800 private residences along the golf course.
It’s the first fully integrated development plan of its scale, and it is being implemented without relocating the local community.
Instead, the homes of local community members are being upgraded to international standards with running water and electricity.
It has a 5000-bed state-of-the-art hospital, Hamptons Hospital, which will be able to serve 12,000 patients daily.
Hamptons Hospital is currently open and treating patients.