Rwanda and Germany sign energy pact

May 23, 2016 12:00 AM

The Government of Rwanda and the Federal Republic of Germany today signed a bilateral agreement worth € 15 million (approximately Frw 13 billion) to support energy supply in Rwanda and the Great Lakes region.

The grant will be fully designated to the regional "Hydropower Station Ruzizi III" project. This will contribute not only to improve energy supply in Rwanda, but also to foster socio-economic development in the Great Lakes region. The grant will be implemented by the German KfW Development Bank in close cooperation with its Rwandan Government, the implementing Special Project Company of Ruzizi III and other donors like the African Development Bank, World Bank and the European Union.

The Minister of Finance and Economic Planning Claver Gatete said, "This bilateral agreement shall increase Rwanda's clean energy generation capacity by about 50 MW. Additional benefits of the project besides opening the area to modern infrastructure will include the creation of permanent and temporary jobs and a reduction in greenhouse gas emissions."

The German Ambassador to Rwanda Peter Fahrenholtz stressed: "These Agreements underline the long-standing and proven cooperation between our two countries based on friendship and mutual trust. Germany is committed to affordable, reliable and sustainable energy supply for Rwandan citizens, but also for Rwanda's neighbors in Burundi and DR Congo."

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