Rwanda Receives Rwf 13 billion from Germany, improve energy supply

World Economic Forum Kagame

The Rwandan government has today (Wednesday) received a grant of € 15 million (approximately Rwf 13 billion) from the Federal Republic of Germany. The money is meant to support energy supply in the country and the Great Lakes region.

A bilateral agreement was signed by Claver Gatete, the Minister of Finance and Economic Planning, and Peter Fahrenholtz, the Germany ambassador to Rwanda.

“This bilateral agreement shall increase Rwanda’s clean energy generation capacity by about 50 Megawatt (MW) and it also create permanent and temporary jobs and a reduce greenhouse gas emission,” Minister Gatete said.

He added that the grant will be fully designated to the regional Hydro power Station Ruzizi III project which will contribute not only to improve energy supply in Rwanda, but also to foster socio-economic development in the Great Lakes region.

Rwanda has set a target of 70% access to electricity by 2018 from the current 24%. The grant will be implemented by the German KfW Development Bank in close cooperation with the Rwandan government and other donors like the African Development Bank, World Bank and the European Union.

Ambassador Fahrenholtz said his government is committed to support Rwanda in energy supply such that its citizens and even its neighbors live a better life. “Energy is vital to Rwanda and the region. We are happy that we are contributing to energy supply in Rwanda such that men and women have a better life,” he said.

He added the agreements underline the long-standing and proven cooperation and mutual trust between the two countries. Germany supports Rwanda in various sectors like education in Technical and Vocational Education and Training (TVET), decentralization, private sector development and Public Finance Management (PFM). Others include basket fund and regional projects such as centre of excellence for health and among other projects. The River Rusizi border separates Rwanda and Burundi from the DR Congo and it offers an energy potential of 400 MW.

Since the late 1950s, River Ruzizi has been utilized for electricity production by the three neighboring countries. However, existing hydro power plants Ruzizi I and II with a capacity of 28 and 44 MW are nowhere near sufficient to meet the energy demand of the population and the economies.

Rwanda Focus

Theinsider Uganda is a news publishing website. We are located at Suite G25 Metroplex Shopping mall, Naalya Kampala Uganda.
Enter ad code here

Copyright © 2016 Theinsider Uganda. Unearthing the truth

To Top