Tag: Energy Sector

Rwanda’s universal energy access program receives a boost from Korea

Frank

RWANDA – Rwanda’s universal energy access program (RUEAP), which is a part of the National Strategy for Transformation (NST1) 2017–2024 that aims to improve access to energy and efficiency of energy service delivery to households, businesses, and public institutions in the East African country, is set to receive a financial boost with a US$ 66.2M loan agreement signed by the Government of Rwanda and that of the Republic of Korea. The loan facility is concessional in nature and it will be repaid in 40 years timeframe including a grace period of 15…

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Egypt secures US$253M from AfDB to finance Electricity and Green Growth Support Programme

Frank

EGYPT – Egypt has secured a US$253 million loan from the African Development Bank (AfDB) to finance Egypt’s Electricity and Green Growth Support Programme (EGGSP). The funding, according to Africa Energy Portal will help meet the government of Egypt’s financing requirements in the light of the COVID-19 pandemic. The AfDB funds will also help Egypt support a sound electricity infrastructure base, a key enabler for the private sector and for the country’s competitiveness. Egypt’s EGGSP reform programme seeks to promote a sustainable, competitive and diversified electricity sector that ensures secure…

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