Kigali, 15th May 2014: A new solar power plant in Kayonza District is to add 10 megawatts to the national electricity grid in the next 21 months, the government and the investors announced yesterday.
The plant will be built and managed by Goldsol II, a consortium between TMM Renewables, a South Africa-based company, Gesto Energy Africa based in Malta and 3E Power Solar, a local firm.
The construction will cost about $30 million (about Rwf20 billion), and electricity production will begin 21 months from now, according to agreements government signed with the investors yesterday.
State Minister for Energy and Water Emma Francoise ISUMBINGABO (Left) and DG EWSA Ltd, Ntare Karitanyi, sign the agreements between the government and the investors yesterday
“We are encouraged by the Government of Rwanda through its economic, privatization and energy development policy that encourages and supports private initiatives and investments in the construction and development of electricity generating plants,” Nuno Nóbrega, the Managing Director of TMM Renewables, said.
“As per the agreement, EWSA Ltd will be buying electricity from Goldsol at a cost of Rwf120 per kilowatt/hour. We are pushing for more green energy projects such as solar, hydro and geothermal. We are looking forward to this project and the government encourages more investors in large or micro projects,” Ntare Karitanyi, the Director General of EWSA Ltd, said.
“Access to energy brings various benefits at a relatively lower cost. For example, as rural households across Rwanda start using solar powered lights instead of kerosene lamps, we see a number of socio-economic, health and environment benefits,” Emma Francoise ISUMBINGABO, the Minister of State for Energy and Water said after the signing.