HEHE N’UMWIJIMA MU RWANDA! RWF27BN BOOST FOR ELECTRICITY ROLL-OUT. About 70 per cent of households, industries, small and medium enterprises, and general businesses could access more affordable and reliable electricity by 2018, thanks to a new financing agreement between the government and the African Development Bank (AfDB). The new concessional loan, worth $40 million (about Rwf27 billion) signed yesterday in Kigali, will fund the construction of 119 kilometres of transmission line from Rusumo Power Plant to Birembo substation in Kinyinya, Gasabo District, through the proposed Bugesera International Airport substation, Amb. Claver Gatete, the minister for finance and economic planning, said. Electrification vision The project is part of the plan to support Rwanda’s electricity access programme from the current 17 per cent of households to 70 per cent by 2018. “Increased electricity access will create employment opportunities, increase off farm jobs, contribute to industrial development and reduce production costs through decreased electricity tariffs,” Amb. Gatete said. The minister said the loan will be repaid within 40 years with an interest of 1 per cent in the first 10 years and 3 per cent in the subsequent years. “The loan comes at time when government is scaling up efforts to address the challenge of electricity, we are very much aware that we can’t have economic and rural transformation without electricity,” he added.
Posted on: Sat, 08 Feb 2014 12:33:49 +0000
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