Rwanda gets US$84m financing from AfDB to boost electricity access

RWANDA – The Board of Directors of the African Development Bank Group (AfDB), has approved  US$84.22 million in loans and grants to electrify nearly 80,000 rural households in south Rwanda. The electricity project will advance the country’s goal of universal electrification and benefit small businesses and youth.   The funds comprise a loan of US$36.77 million from the Bank Group’s African Development Fund and a US$47.45 million ADF grant. The project financing was approved on 26 May 2021. The Transmission System Reinforcement and Last Mile Connectivity project will provide first-time…

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Rwanda to extract another 15MW from lake Kivu methane gas

RWANDA – Shema Power Lake Kivu (SPLK) of Rwanda is set to produce 15 megawatts of electricity by June this year in its first phase of methane gas extraction from Lake Kivu, the company engineers have said. Overall, the plant seeks to add 56 megawatts to the national grid after investing US$400 million in methane gas extraction. The project, which started in October 2019, is set to be finalised by December 2022. “This is one of the projects that will significantly increase power generation,” said Laurent Butera, Branch Manager of…

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Swedfund commits US$12m to Solar Energy Transformation Fund support off-grid sector

Tunisia to join International Solar Alliance

AFRICA – Swedfund, the Swedish Development Finance Institution, has commited US$12 million to the Solar Energy Transformation Fund managed by Nairobi-based sector specialist SunFunder Inc. to support the off-grid sector in sub-Saharan Africa and in Asia. The investment will contribute to increased access to electricity, as well as the increased generation of renewable energy for exposed demographics in the least developed countries in the world according to the OECD DAC list. The investment is in line with Swedfund’s Energy & Climate sector goals of investing in the off-grid sector for…

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