{"id":480358,"date":"2011-09-02T09:05:32","date_gmt":"2011-09-02T09:05:32","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/09\/02\/rwanda%e2%80%99s-energy-sector-receives-91-2m-investment-to-boost-power-capacity\/"},"modified":"2011-09-02T09:05:32","modified_gmt":"2011-09-02T09:05:32","slug":"rwandas-energy-sector-receives-91-2m-investment-to-boost-power-capacity","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/09\/02\/rwandas-energy-sector-receives-91-2m-investment-to-boost-power-capacity\/","title":{"rendered":"Rwanda\u2019s energy sector receives $91.2m investment to boost power capacity"},"content":{"rendered":"

You Are Here: Home<\/a> \u00bb Africa\/International<\/a> \u00bb Rwanda\u2019s energy sector receives $91.2m investment to boost power capacity<\/p>\n

\n

Page last updated at Friday, September 2, 2011 9:09 AM \/\/ <\/span><\/div>\n

\"\"<\/a>The African Development Bank (AfDB) and other lenders such as the Development Finance Institutions have committed an amount of $91.25 million to the development of Rwanda\u2019s Kivuwatt power project.<\/p>\n

The project will increase Rwanda\u2019s installed power capacity by 40% and expected to displace expensive electricity.<\/p>\n

The investment is under a loan agreement signed between partners and ContourGlobal, a project developer, on Wednesday August 24, 2011 in Kigali.<\/p>\n

According to the AfDB, the project\u2019s total cost is $142.2 million of which the Bank is providing $25 million and Development Finance Institutions will contribute $91 million.<\/p>\n

The AfDB indicates that its financing targets Phase 1 of the KivuWatt project which will integrate methane gas extraction and a power production facility by methane-powered reciprocating engine generator with a combined capacity of 25 megawatts net output.<\/p>\n

\u201cThe AfDB financing targets Phase 1 of the KivuWatt project \u2013 an integrated-methane gas extraction and power production facility. Phase 1 involves gas extraction using a floating barge located approximately 12.5 km offshore from the city of Kibuye.\u00a0 The extracted gas will be further processed and pumped ashore for use in a power plant via a submerged floating pipeline,\u201d said the Bank in a statement on its website.<\/p>\n

It adds that the project is in line with Rwanda\u2019s Economic Development and Poverty Reduction Strategy, which is designed to reduce electricity production costs and diversify the country\u2019s electricity generation, focusing on indigenous resources, including Lake Kivu methane gas, hydro, and geothermal.<\/p>\n

By Ekow Quandzie<\/p>\n

Comments<\/h4><\/p>\n","protected":false},"excerpt":{"rendered":"

You Are Here: Home \u00bb Africa\/International \u00bb Rwanda\u2019s energy sector receives $91.2m investment to boost power capacity Page last updated at Friday, September 2, 2011 9:09 AM \/\/ The African Development Bank (AfDB) and other lenders such as the Development Finance Institutions have committed an amount of $91.25 million to the development of Rwanda\u2019s Kivuwatt power project. The project will increase Rwanda\u2019s installed power capacity by 40% and expected to displace expensive electricity. The investment is under a loan agreement signed between partners and ContourGlobal, a project developer, on Wednesday August 24, 2011 in Kigali<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-480358","post","type-post","status-publish","format-standard"],"yoast_head":"\nRwanda\u2019s energy sector receives $91.2m investment to boost power capacity - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/09\/02\/rwandas-energy-sector-receives-91-2m-investment-to-boost-power-capacity\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Rwanda\u2019s energy sector receives $91.2m investment to boost power capacity - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"You Are Here: Home \u00bb Africa\/International \u00bb Rwanda\u2019s energy sector receives $91.2m investment to boost power capacity Page last updated at Friday, September 2, 2011 9:09 AM \/\/ The African Development Bank (AfDB) and other lenders such as the Development Finance Institutions have committed an amount of $91.25 million to the development of Rwanda\u2019s Kivuwatt power project. 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