Rwanda, World Bank sign $125 million energy deal

Photo: Asoko Insight

The Government of Rwanda and World Bank have today signed a $125m (approximately Rwf112 billion) credit agreement that will cater for the expansion of electricity services in the country.

The new Rwanda Energy Development Policy Operation (DPO) is the third and last of a $375 million programme series aimed at supporting the country’s energy sector objectives contained the National Strategy for Transformation (NST1).

The first was approved in December 2017.

The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana said that this agreement has greatly contributed to improving the energy sector especially in the area of access.

“The support through Development Series Operation has significantly contributed to the implementation of the energy sector development strategy in Rwanda with the aim of having 100 percent access by 2024,” he said.

The World Bank Country Manager, Said Yasser El-Gammal, told journalists at the signing ceremony in Kigali that the money was already being put to good use with previous development policy operation series having already delivered results.

“So far, new connections completed per year have doubled while total access has increased from 41 percent in late 2017 to over 52 percent today,” he said.

Rwanda targets electricity access of 61 percent of the households by the end of 2020.

Disclaimer
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.
Top