Rwanda Seeks 3B Investment to Power Energy Sector & Economic Transformation: Managing Director of Energy Corporation
Rwanda Seeks $3B Investment to Power Energy Sector & Economic Transformation: Managing Director of Energy Corporation
Key details of of Rwanda's power strategy — the National Energy Compact — were unveiled at the Africa Energy Forum by Cleaver Gakwavu, managing director of Rwanda's Energy Utility Corporation, as reported by a Sputnik Africa correspondent.
The initiative focuses on:
Investment & Financing: Mobilizing over $3 billion ($2.1B government, $1B private) through open competitive bidding.
Universal Access: ensuring that no citizen is left behind in terms access to power.
Clean Cooking: an increase in clean cooking adoption, jumping from 5% to 31% of households.
Generation Boost: Scaling up capacity to 1,000 MW with a 60% renewable mix.
Regional Trade in Electricity: Doubling cross-border power trade by leveraging existing interconnectors.
To ensure transparency, the compact’s delivery unit will report directly to the prime minister’s office, Gakwavu noted.
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