Thursday, March 21st, 2019

Rwanda signs $30 mln deal for 10 MW solar energy plant

Rwanda has signed a $30 million deal for a consortium of three companies to build and maintain a 10 megawatts (MW) solar energy plant in the central African country. Rwanda’s small economy has expanded rapidly over the past decade but it has been hampered by scarce and expensive energy supply, with only 16 percent of the population receiving electricity from the 120 MW the country produces. The deal with Goldsol II – a consortium of TMM Renewables, a South Africa-based company, Gesto Energy Africa based in Malta and 3E Power Solar, a local firm – involves the development, financing, construction, ownership, operation and maintenance of a 10 MW solar PV plant in the Kayonza district in the eastern province of Rwanda. “We are growing much faster than the energy we have,” Valentine Rugwabiza, chief executive of the Rwanda Development Board, said on Thursday when the deal was signed.

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