Rwanda gets $50m for renewable energy projects

Robert Nyamvuba, the Director of Energy at Rwanda's Infrastructure Ministry

Robert Nyamvuba, the Director of Energy at Rwanda’s Infrastructure Ministry says the fund will help the country implement rural electrification programs

The multilateral Development Banks’ Climate Investment Funds (CIF) has endorsed Rwanda’s renewable energy investment plans under the initiative’s fund for Scaling up Renewable Energy in Low Income Countries Program (SREP).

With funding amounting to $50 million the SREP program will help develop financially sustainable long-term markets for the private sector provision of off-grid electricity services in the East African country.

Rwanda says it intends to provide electricity access to 70% of the population by 2018 – up from only 23% this year, through a wide range of renewable resources.

Senior SREP Coordinator, Zhihong Zhang said SREP funding can act as a catalyst and will help improve the enabling environment conditions to unlock and systematically scale-up private investments.

“Rwanda has a very ambitious target of electrification through both on-grid and off-grid solutions. SREP support will target the development of off-grid energy markets to help bring electricity to unserved communities in rural areas, create employment opportunities and generate income,” Zhang said adding about 1.5 million Rwandans are expected to benefit from the SREP program.
Robert Nyamvumba, Director of the Energy Division at the Ministry of Infrastructure in Rwanda noted the endorsement will help to unleash the potential of the private sector to provide off-grid energy solutions using renewable energy sources.

“SREP funding will mean many Rwandans living in rural areas will have access to energy and improve their lives through development activities as well as create an enabling environment for businesses in the communities,” Nyamvumba said