17 December 2012

Rwanda: Global Energy Giant Eyes Rwanda

General Electric (GE), an American manufacturing firm, has expressed interest to invest in Rwanda's infrastructure, power generation, healthcare and aviation industry.

Speaking to The New Times in an exclusive interview, recently, President and CEO of General Electric (GE) Africa, Jay W. Ireland said that Rwanda has a big potential for investment.

"We are interested in investing in this beautiful country that is growing so fast on the Africa continent when it comes to economic development strategies," he said.

Ireland stated that, his company is still in negotiations with the government of Rwanda to start its work but the negotiations were still internal.

GE is involved in healthcare, transportation, oil and gas exploration, power generation and aviation in Ethiopia, Nigeria, Angola, Tanzania, Kenya, Uganda and Mozambique among others.

Recently the US based company signed an agreement with the Kenyan government to modernise Kenya's transport, health and aviation industries.

GE has also invested U$300m to US$400m in renewable energy through the Kipeto wind generation plant in Kajiado in Kenya.

The project will produce 100MW of power in its first phase with 250MW projected for subsequent phases.

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