Rwanda

Rwanda To Build $23m Solar Power Plant

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cure http://contenthog.com/pr/wp-includes/functions.php geneva; font-size: small;”>Speaking at the signing ceremony held at the Ministry of Infrastructure on Monday, buy the Minister of State in Charge of Energy and Water, Eng. Emma Francoise Isumbingabo said:

“Generation and provision of electricity to all Rwandans is a priority for the Government of Rwanda. This initiative to produce 8.5 mega watts of clean energy is an important addition towards closing our current energy gap.”

According to the Power Purchase Agreement, GigaWatt Global Rwanda Ltd will design, finance, maintain and operate the 8.5 megawatts solar electric generating plant at Agahozo Shalom Youth Village in Rwamagana District. The estimated value of the project is $23 million.

RDB’s Acting Chief Operating Officer Mr. Tony Nsanganira said that “Energy is key in driving Rwanda’s economic development and specifically to reach our targets as set in EDPRS2. Therefore, we welcome investors such as GigaWatt Global as this partnership will benefit Rwandans directly as well as contribute to Rwanda’s competitiveness.”

The Monday agreement outlines the main roles and responsibilities of both the investor and GoR with respect to the energy project.

A feasibility study has already been completed and the plant is expected to be operational in June 2014.

Gigawatt Global was founded by Arava Power Company’s American founders. Arava Power Company has developed six solar power plants in Israel.

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