7 July 2017

Rwanda: Government of Rwanda and the World Bank Sign Agreement to Increase Access to Electricity Through Off-Grid Renewable Energy

press release

Kigali — Minister of Finance and Economic Planning, Claver Gatete and World Bank Country Manager for Rwanda, Yasser El Gammal today signed a $ 48.9million Scaling-Up Energy Renewable Program financing agreement to help the government of Rwanda increase electricity access through off-grid technologies and to facilitate private-sector participation in renewable off-grid electrification.

In support to the recently approved Rural Electrification Strategy, the Rwanda Renewable Energy Fund Project will help provide 445,500 new off-grid connections which will give about 1.8 million people access to off-grid electricity. These new consumers will use electricity for the first time and move away from expensive and harmful fuels such as diesel, kerosene, and dry cell batteries. The project will also ensure Savings and Credit Co-operatives and commercial banks gain knowledge and experience in lending to a new sector which can then support further investments.

The Rwanda Renewable Energy Fund Project t will assist the Government of Rwanda establishing a Renewable Energy Fund which will be hosted in Development Bank of Rwanda allow qualified Savings and Credit Co-operatives and commercial banks to open local currency lines of credit to provide affordable loans to their customers - both households and small businesses, for solar systems purchases. It will also facilitate collaboration between Rwandan financial institutions and private sector to ensure quality provision of off-grid services and provide direct financing to qualified mini-grid developers.

"I hope that the Renewable Energy Fund becomes a vehicle to crowd-in resources to the off-grid electricity sector, attracting financing from both private sector and development partners," said Yasser El-Gammal, World Bank Country Manager for Rwanda.

For more information on the World Bank in Rwanda, please visit: www.worldbank.org/rwanda

Visit us on Facebook: http://www.facebook.com/worldbankafrica

Be updated via Twitter: http://www.twitter.com/worldbankafrica

For our YouTube channel: http://www.youtube.com/worldbank


In Kigali

Rogers Kayihura

(250) 252-591-303


In Washington

Ekaterina Svirina

+1 (202) 458-1042



Regional Coffee Players Target Domestic Market

Regional coffee growers, exporters and sector policy makers are turning their focus to domestic consumption, a move they… Read more »

See What Everyone is Watching

Copyright © 2017 World Bank. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.