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Rwanda: World Bank injects $95m for electricity projects

Rwanda: World Bank injects $95m for electricity projects

Rwanda

The World Bank has approved a $95million fund for Rwanda’s electricity projects.

The financing will help the government to increase electricity access and enhance the operational efficiency of the energy utility.

The new project will also support Rwanda’s electricity roll out access program connection target by financing activities to connect 72,000 new consumers to the national grid, strengthen Kigali’s 15KV distribution network to meet an increased demand, and reduce the frequency of electricity supply interruptions.

Not only will increased access to reliable electricity supply lower costs and improve the profitability of business enterprises, but it is also key to enabling the set-up of new private sector-led enterprises.

“Not only will increased access to reliable electricity supply lower costs and improve the profitability of business enterprises, but it is also key to enabling the set-up of new private sector-led enterprises, which can drive economic growth and poverty reduction,” says Thomas O’Brien, World Bank Country Program Coordinator and Acting Country Manager for Rwanda.

Currently, Rwanda has an installed power generation capacity of 161MW.

The country hopes to increase its power supply to 563MW by 2018 to improve access to electricity, especially in the rural areas.

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