Saudi electricity project in Rwanda
A Saudi fund has granted a $20 M electricity programme implementation loan to Rwanda.
Image for illustration purposes.
Rwanda, Kigali: A Saudi fund has granted a $20 M electricity programme implementation loan to Rwanda.
The Fund said the project aims to build a network of medium and low-pressure power lines and distribution transformers. They will provide electricity to households, public institutions and social facilities in the Kamonyi District.
“This project is part of a wider Energy Access and Quality Improvement programme whose objective is to improve access to reliable and cost-effective electricity services for several of the most underserved areas in the country. This programme will benefit approximately 60,000 people and enhance economic, agricultural and industrial activities, create direct and indirect employment opportunities, improve livelihoods, support Rwanda’s economic growth and promote sustainable living.”
The Fund’s CEO, Sultan Al-Marshad, stressed the importance of this project, which will support the Kamonyi region with electricity infrastructure and enhance sustainable economic and social development in Rwanda.
“Based on the cooperation, we hope that this project will be a source of development and bring benefits to Rwanda and its people to achieve the sustainable development goals.”
Rwanda’s Minister of Finance and Economic Planning, Dr Uzziel Ndagijimana, said the financing would contribute to the electrification efforts in the Kamonyi District, currently at 58.9 %.
“At the completion of this project, electricity access in Kamonyi District will increase by 6.8 %, thus contributing to increase economic and social development within the framework of our National Strategy for Transformation by connecting electricity to more households. It is another step towards our ultimate goal of ensuring all Rwandan citizens have access to electricity by 2024.”
Source: ESI Africa
#distribution transformer#electrification#energy access#power line