The government has received Rwf 13 billion that is looked at to boost clean energy as well as increase the country’s energy production thus foster socio economic development.
The support in form of a grant from the Federal Republic of Germany will be allocated particularly designated to the regional “Hydropower Station Ruzizi III” project which is expected to generate 147 megawatts for Rwanda, Burundi and DRC.
“This will contribute not only to improve energy supply in Rwanda, but also to foster socio-economic development in the Great Lakes region,” said Ambassodor Claver Gatete, Minister of Finance and economic Planning during the signing of the agreement on Tuesday.
Accordingly, the bilateral agreement to be implemented by German KfW Development Bank and the government together with other partners is expected to boost the country’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,” he added.
The Rusizi Hydro power III project estimated to cost about $ 650 million to be shared by the three Governments contributed by three benefiting governments is intended to be developed as a Public Private Partnership project with feasibility studies also finalized.
“These Agreements underline the long-standing and proven cooperation between our two countries based on friendship and mutual trust,” said Peter Fahrenholtz,the German Ambassador to Rwanda who signed on behalf of Germany.
He adds, “Germany is committed to affordable, reliable and sustainable energy supply for Rwandan citizens, but also for Rwanda’s neighbors in Burundi and DR Congo.”
Experts say that the Rusizi River that borders Rwanda and Burundi from the DRC, offers an energy potential of 400 MW and has been a potential hydro power generation source for the three neighboring countries since late 1950s.