KIGALI Rwanda (Xinhua) --
Investors from Africa-EU Renewable Energy Cooperation
Program (RECP) are looking for “good deals” in the evolving private
renewable energy sector in Rwanda, according to the Rwanda
Development Board (RDB).
The business personnel are part of the trade mission to the small
central African country consisting of up to 20 European and African
companies from the solar energy and small hydro power sector.
The RDB on Monday kicked off a two-day business forum with RECP
investors through extensive networking and business match-making
sessions in the Capital Kigali.
Rwanda hosts the Africa-EU RECP trade mission meeting from 6th
to 8th March 2017 that focuses on enabling participants
to identify new business opportunities, exchange know-how, and find
Partners for joint business development.
“Rwanda is full of business opportunities. Renewable energy is an
area where little has been done to exploit the potential of the
sector. We are glad investors from Africa-Europe Renewable Energy
Cooperation Program are willing to support the development of
renewable and clean energy in our country,” Mark Nkurunziza, chief
finance officer of RDB told reporters on Monday during the meeting.
He added that during the business forum participants will be able to
forge strong connections with potential business partners, identify
technology solutions from leading European providers and engage with
relevant financiers and investors.
According to Michael Ryan, Head of the Delegation of the European
Union to Rwanda, the Africa-EU RECP will open the door for other
European investments in Rwanda within the energy sector.
“When looking at the financing of development in relation to
Rwanda’s energy sector, it is evident that investors are keen to get
a slice of the country’s renewable energy development program,” he
Rwanda has set an ambitious target of increasing its installed
electricity generation capacity to 563 MW within the next two years,
both on grid and off grid, with an aim of achieving 70 percent
electrification connectivity by 2018 from 24 percent at the moment.
To support Rwanda energy capacity increment, in December 2015, the
World Bank approved 95 million U.S. dollars for Rwanda’s energy
Last year, Rwanda unveiled a mega methane gas power plant the Kivu-Watt
Gas Power project, which is expected to produce 100 megawatts from
Lake Kivu, Karongi district, western province, the world’s only
methane rich water body.
Rwanda is set to import 30 megawatts from Kenya on a five-year long
arrangement expected to start later this year. The country also
plans to import 400MW of power from Ethiopia by 2018, aimed at
increasing electricity supply in the country, especially for
In February 2015, Rwanda unveiled 23.7 million U.S. dollars solar
power plant, the first of its kind in the region and the third in
Africa after the ones in South Africa and Mauritius.
The utility power located in Rwamagana district, eastern province
that was developed by the Netherlands-based company, Gigawatt
Global, adds 8.5 MW to the national electricity grid.
Rwanda pledges more allegiance to
KIGALI Rwanda (Xinhua) --
Rwanda President Paul Kagame has said that Rwanda is
committed to supporting the deepening of integration of the East
African Community (EAC) to achieve economic and social prosperity of
the citizens within the region.
He made the remarks on Monday while addressing a Special Sitting of
the East African Legislative Assembly (EALA) which starts a two-week
session at the Rwandan Parliamentary buildings in the capital
The EALA is the law-making organ of the EAC established under
Article 9 of the Treaty for the Establishment of the EAC. Being the
legislative arm of the community, members are sworn into five-year
The regional parliament is responsible for, among other things,
approving budgets of the EAC and debating audit reports.
“East Africa is increasingly perceived as a region on the move. We
have to continue to meet these high expectations. It is easier to
trade and do business with each other and we are collaborating to
expand energy and transportation infrastructure,” said Kagame.
He noted that citizens of the EAC member countries move more freely
than ever before and communication within the region has become more
affordable and convenient.
“Much of this progress was the result of political will, responding
to the needs and aspirations of our citizens. Rwanda’s commitment to
the East African Community ten years after we acceded to the treaty
is stronger than ever. Integration is not a zero-sum game. When we
work together, we are all better off,” Rwanda president said.
Kagame also called upon the deepening of Africa integration saying
that the continent must have a strong and unified voice that
communicates the aspirations and positions of Africa on the global
This will be the Third Assembly’s last sitting in Kigali as its term
ends in June when a new Assembly [the Fourth Assembly] is expected
to be ushered in.
According to Dan Kidega, speaker of EALA, strong support from the
leadership of EAC member states will play a key role towards
advancing regional integration.
“Deepened EAC agenda will be achieved through regional free trade
areas, progressing towards customs union, a common market, monetary
union and political federation. We are grateful for member countries
that have strongly supported this journey to achieve socio-economic
prosperity of the citizens, “he explained.
EAC is made up of six countries including Burundi, Kenya, South
Sudan, Tanzania, Rwanda and Uganda.