Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3738

Deal #3738 Version #63241

Congo, Dem. Rep.

Created at

2013-05-27

Last update

2020-10-07

Last full update

2025-01-07

Land area

Intended size

6 700 ha

Size under contract (leased or purchased area)

[current] 6700.0 ha

Comment on land area

Initially 4,200 but extended with 2,500ha. Further expansion in Sud-Kwamouth territory planned.

Intention of investment

[current] For carbon sequestration/REDD, Forestry unspecified

Comment on intention of investment

Ibi Bateke tree planting project promised to use loans and up-front carbon payments to plant acacia, eucalyptus and pine trees on ca. 4,000 hectares of savannah and restore 230 hectares as “ecological area” through planting of native tree species. (2) After 5 to 7 years, the plantation trees would be cut and turned into charcoal to be sold on the lucrative charcoal market in the country’s capital Kinshasa. In the early years, before the tree canopy closes, revenue was also to be generated from the sale of cassava planted beneath the acacia plantation trees.

Nature of the deal

Lease

Comment on nature of the deal

Olivier Mushiete is said to have titled 8,000 hectares of the land under his name and registered it as a concession (contrat d’emphyteose). The land rented to Novacel for the Ibi Bateke carbon tree planting project is a portion of these 8,000 hectares of land O. Mushiete turned into privately-held land.

Negotiation status

[2009, current] Concluded (Contract signed)

Implementation status

[current] In operation (production)

Comment on implementation status