M a r k e t N e w s

Rwanda bets on energy summit to lure investors

Posted on : Friday, 7th October 2016

 Rwanda is counting on the upcoming third annual energy summit to sell the country to world investors.

The summit to be held in November will bring together over 500 energy experts and policy makers to discuss strategies of increasing energy penetration, distribution and supply in the most efficient and effective ways.
According to Jean Bosco Mugiraneza, the chief Executive Officer, Rwanda Energy Group (REG), the 3rd edition of the iPAD Rwanda Energy Infrastructure forum will be aiming at selling the country’s energy potential to world investors.
According to Mugiraneza, such events will boost the country’s efforts to meet the national energy supply targets.
“The 2-day forum provides market entry for international as well as local investors, financiers, project developers, advisors, technology and solution providers to join together in dynamic interactive discussions to develop the sector efficiently and effectively, setting clear strategies and public private partnerships for success,” Mugiraneza said adding that the networking business opportunities cannot be underestimated.
The objective is to be able to provide information for both international and local investors about opportunities in credible business consortiums and design business plans that will help increase energy supply in the country.
Rwanda’s installed power generation capacity stands at 186 megawatts, against a target of 563 megawatts by 2018. The country is also targeting to increase connectivity to more than 70 per cent of the population by the same time.
Currently, the country’s hydro electricity generation capacity accounts for 97.37 megawatts, thermal power at 51.7 megawatts, methane 3.6 megawatts, while 8.75 megawatts is produced from solar energy.
Other efforts to increase power supply include importing 30 megawatts from Kenya, expected by end of 2016, and another 400 megawatts from Ethiopia by 2018.

Source : africabusinesscommunities.com
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