Power Africa, through the U.S. Trade and Development Agency (USTDA), the Overseas Private Investment Corporation (OPIC), and the Africa Clean Energy Finance Initiative (ACEF), has supported the development of 123 megawatts (MW) of electricity generation projects in Rwanda. In addition, various firms have received U.S. Embassy support to move transactions forward. Through USAID, Power Africa is also working to strengthen the Rwanda Energy Group (REG) (the country’s utility) and the Rwanda Utility Regulatory Agency to ensure the sustainable development of sector.

The exhibits below illustrate Power Africa’s financially closed transactions in Rwanda, some of which are already online and generating critical electricity supply for the people of Rwanda.

Power Africa Financially Closed Transaction in Rwanda

Agahozo-Shalom (Solar PV – 8.5 MW)

Financial Close Date: 02/17/2014
Commercial Operations Date:12/31/2014
Estimated Project Cost: $23.7M
Overview: Power Africa partner Gigawatt Global developed this 8.5 MW solar PV power plant. A consortium including Norfund and Scatec Solar financed the solar plant with support from the Overseas Private Investment Corporation (OPIC) through the Africa Clean Energy Financing facility (ACEF). At the time of commissioning, the solar project was East Africa’s first utility-scale solar project to go online.

HQ Peat Power – Akanyaru (Biomass – 80 MW)

Financial Close Date: 11/01/2016
Commercial Operations Date: December 2019 for the first unit (40 MW)
Estimated Project Cost: $350M
Overview: HQ Power, an 80 MW peat project, is located at Kabumbwe, alongside the Akanyaru river and near the border with Burundi. The $350 million project shareholders are Hakan and Power Africa partners Themis and Quantum Power. Funders are the Finnish Fund for Industrial Cooperation Ltd. (Finnfund), Export-Import Bank of India (EXIM Bank), Development Bank of Rwanda and the African Export Import Bank. Power Africa private sector partners Africa Finance Group is the mandated lead arranger for the senior debt, along with the East and Southern Africa Trade Bank.

Keya (Hydropower – 2.2 MW)

Financial Close Date: 02/06/2017
Commercial Operation Date: 12/2018
Estimated Project Cost: $3.1M
Overview: This brownfield run-of-river hydro power project is currently operated and maintained by Energicotel Ltd. under a 25-year concession from the Government of Rwanda. Power Africa provided support to optimize operations and assisted with commercial agreements and other transaction advisory services.

Rwanda Thermal Project (HFO – 30 MW)

Financial Close Date: 03/31/2017
Commercial Operation Date: 06/30/2017
Estimated Project Cost: $30M
Overview: SoEnergy, a U.S.-based firm and Power Africa partner, formed a joint venture with a Rwandan fuel supplier to build, own, and operate rental LFO thermal units totaling 30 MW in Kigali. Power Africa provided an initial draft of the power purchase agreement (PPA), with additional support provided by the U.S. Department of Commerce and the U.S. Department of State.

Kigali Genocide Memorial (Solar PV – 0.02 MW)

Financial Close Date: 07/31/2016
Commercial Operations Date: 07/31/2016
Estimated Project Cost: $3.1M
Overview: Power Africa supported U.S. company and private sector partner CrossBoundary Energy, a frontier market investment fund, in financing the 20.5 kWp, rooftop PV solar installation serving the Kigali Genocide Memorial. Support was provided through a USAID Global Development Alliance Investment, serving as a first-loss tranche of capital to catalyze further private investment, pooling capital for investment for generating assets that serve captive commercial enterprises. The memorial, operated by the Aegis Trust, is a deeply important national institution in Rwanda and one of the most visited sites in the country. CrossBoundary Energy’s local partner Centennial Generating Co developed the solar project opportunity and provides ongoing maintenance.

Rusumo Hydropower Project (Hydropower – 80 MW)

Financial Close Date: 11/27/2013
Estimated Commercial Operations Date: April 2020
Estimated Project Cost: $340M
This is a hydropower project under development by the Governments of Burundi, Rwanda, and Tanzania through the jointly owned Rusumo Power Company (RPCL) and will generate 80 MW of power. Located on the border of Rwanda and Tanzania on the Kagera River, power production facilities are on the southern bank in Tanzania, while the substation is located on the northern bank in Rwanda. There are two main components: an 80 MW hydropower generation plant as well as transmission lines and substations. As such, construction will commence in two phases. The first phase will involve the construction of the power plant and the second will entail installation of high voltage transmission lines.

Rwaza I (Hydropower – 2.6 MW)

Financial Close Date: 01/23/2017
Commercial Operations Date: 01/31/2018
Estimated Project Cost: $15M
Overview: This 2.6 MW run-of-river hydropower plant is located in the Rwaza Sector on the Mukungwa River, in Rwanda’s Musanze District. The U.S. firm DC HydroPower identified and developed the project through the feasibility stage and the signing of a power purchase agreement (PPA) with the Rwanda Energy Group. Power Africa, through U.S. Trade and Development Agency (USTDA) conducted a feasibility study. Power Africa partner ResponsAbility, along with Frontier Energy, joined DC HydroPower as investment partners during the final stages of development.

Power Africa Rwanda Country Page