GOVERNMENT OF RWANDA (Kigali)
22 July 2013
The Government of Rwanda today signed a Power Purchase Agreement with GigaWatt Global Rwanda Limited to develop a first grid-level solar electric generating plant, the first of its kind in East Africa.
Speaking at the signing ceremony held at the Ministry of Infrastructure, the Minister of State in Charge of Energy and Water, Eng. Emma Francoise Isumbingabo said:
“Generation and provision of electricity to all Rwandans is a priority for the Government of Rwanda. This initiative to produce 8.5 mega watts of clean energy is an important addition towards closing our current energy gap.”
According to the Power Purchase Agreement, GigaWatt Global Rwanda Ltd will design, finance, maintain and operate the 8.5 megawatts solar electric generating plant at Agahozo Shalom Youth Village in Rwamagana District. The estimated value of the project is $23 million.
RDB’s Acting Chief Operating Officer Mr. Tony Nsanganira said that:
“Energy is key in driving Rwanda’s economic development and specifically to reach our targets as set in EDPRS2. Therefore, we welcome investors such as GigaWatt Global as this partnership will benefit Rwandans directly as well as contribute to Rwanda’s competitiveness.”
Today’s agreement outlines the main roles and responsibilities of both the investor and GoR with respect to the energy project. A feasibility study has already been completed and the plant is expected to be operational in June 2014.
Gigawatt Global was founded by Arava Power Company’s American founders. Arava Power Company has developed six solar power plants in Israel.
Rwanda Focus (Kigali)
New Solar Power Plant to Cost Fr13 Billion
The government has signed a power purchase agreement with GigaWatt Global Rwanda Ltd, a Dutch company, to develop a first grid-level solar electric generating plant that will not only promote and develop renewable and green energy in Rwanda but also reduce the electricity gap.
“Generation and provision of electricity to all Rwandans is a priority for the government. It’s an important addition towards closing our current energy gap,” said the Minister of State in Charge of Energy and Water, Emma Francoise Isumbingabo, speaking at the signing ceremony on Monday.[read all…]
Good to know:
Gigawatt Global (GWG) is a multi-national renewable energy company focused on the development and management of utility-scale solar fields in renewable energy emerging markets.
With over 2800 MW of solar projects under development worldwide, GWG brings extensive experience in all aspects of renewable energy project finance and development. GWG has established a long-standing strategic partnership with Siemens AG Renewable Energy Division, a world renowned partner that provides technical and operational support, as well as engineering, procurement and construction services.
GWG has a long-standing relationship with the World Bank, IFC and OPIC.
Gigawatt Global is committed to accelerating energy sustainability and independence in each local region it operates. In pursuit of this goal, GWG’s strategy is to partner with energy financial partners, governments, development groups and institutions to structure socially responsible investments.
Gigawatt Global has established itself in the Middle East/North Africa, and is in the process of evaluating additional emerging markets for expansion. …read more on the Official Gigawatt globa Website