The African Development Bank (AfDB) Group has approved $138 million in loans and grants to finance Rwanda’s Rusizi III Hydropower Plant Project.
Rusizi III hydropower plant is part of the Programme for Infrastructure Development in Africa (PIDA) and involves three neighbouring countries.
“Implementation of the project in Rusizi District will be carried out at a total cost of $625.19 million (of which the $138.88 million will be given by the AfDB’s public sector window and US$ 50.22 million by the private sector window),” the bank’s statement said.
The financing will enable the construction of a run-of-river dam straddling the Rusizi River between the DR Congo and Rwanda, as well as a 147 MW power plant and distribution station.
These new facilities will help the DR Congo, Rwanda and Burundi to meet their growing energy needs while also providing an independent source of green energy,
“All three countries have been experiencing difficulties in meeting the demand for electricity, due to over a decade without major energy infrastructure investments while their populations and economic activity have continued to grow,” the statement further said.
The Rusizi III Hydropower Plant Project is expected to increase the region’s access to electricity by 300 percent thereby contributing to the sustainable socio-economic transformation of the region.
As a regional project, the electricity generated will also feed into the East African Power Pool (EAPP).
The Rusizi III Hydropower Plant Project is the first regional power project in East Africa to be established as a public-private partnership (PPP).
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