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Rwanda Endorses More Financing For Energy Projects

15th September 2017

Rwanda has approved extra financing for energy projects in a resolve to close gaps in power generation, that the country has been working on with multiple efforts; reports KTPress

To meet these targets, the cabinet meeting chaired by President Paul Kagame on Tuesday approved loans and grants worth over $51 million to fund three major renewable energy projects.

The current generation capacity is 208MW and the country targets to increase to 563MW of electricity before end of next year and connect 70% of Rwanda’s households to electricity.

Rwanda is a recipient of World Bank’s International Development Association (IDA) credit worth $27.5 million – with a target to fund projects to increase electricity access in Rwanda through off-grid technologies that facilitate private-sector participation in renewable off-grid electrification.

 

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