Government Confident of Achieving Electricity Targets | New times
The Minister of Finance and Economic Planning, Uzziel Ndagijimana, assured that Rwanda will reach the target of 100% electrification by 2024, as defined in the National Transformation Strategy (NST1).
He was answering questions from the media after signing a financing agreement worth US $ 84.2 million (Rwf 82.1 billion) with the African Development Bank (AfDB) to increase electricity distribution in the districts of Gisagara, Huye, Nyamagabe, Nyanza, Nyaruguru and Ruhango.
The country has only three years to meet its universal access to electricity.
Rwanda Energy Group (REG) chief executive last month said the Energy Development Corporation Limited (EDCL) said the distribution body needed more funds to meet these targets.
Ndagijimana on Friday June 4 allayed concerns that they were diversifying sources of funding.
“We are on the right track to reach the goal. We have brought together all the development partners supporting the energy agenda for harmonization and brought together all the energy resources which now exceed $ 670 million, ”he said.
He indicated that there are other major financial partners besides the ADB.
Of these, he said; include the World Bank, the OPEC Fund for International Development (OFID), the Saudi Fund for Development (SFD), the French Development Agency (AFD), the European Investment Bank (EIB) and the Korean Bank EXIM, among others.
“All of this will speed up access to energy. We also have off-grid solutions such as solar home solutions that need to be extended to very remote people in rural areas, ”he said.
63% access to energy in May 2021
He said current access to energy has increased to 63%, from 37% three years ago.
“The energy sector in Rwanda has made significant progress. The financial agreement we signed today will significantly contribute to our ultimate goal of guaranteeing every Rwandan citizen access to electricity by 2024, ”he added.
The agreement signed with AFDB on Friday provides for the construction of a total of 595 km of medium voltage connections and 1,620 km of low voltage connections which will allow the connection of 77,470 households in the districts of Gisagara, Huye, Nyamagabe, Nyanza. , Nyaruguru and Ruhango.
The project will also support the strengthening of the distribution network, the substation and a framework for the construction of a transition line, environmental and social management.
Aissa Touré, AfDB Country Manager for Rwanda, said; “The project will provide an initial electrical connection to 77,470 households to the grid, which involves the construction of 595 km of medium voltage distribution lines and 1,620 km of low voltage distribution networks in six districts in southern Rwanda.
The project will also see the upgrade, rehabilitation and extension of 1,720 km of low voltage network, and the distribution of transformers in secondary cities with high load ”.
The project is part of the Universal Electricity Access Program in Rwanda, a multi-donor program with an estimated envelope of more than US $ 670 million in funding to support Rwanda’s universal coverage which aims to reach 100% d electrification by 2024 in accordance with the objective of the National Transformation Strategy. .
The AfDB’s contribution will represent nearly 40% of the program costs with a development objective aimed at improving the reliability / stability of the network throughout the country and increasing access to electricity for productive users and households.