177 million euro of European funding for Rwanda energy sectorMay 11, 2016
Hat: The European Union and government of Rwanda have this Tuesday 9th May signed a financing agreement worth 177 million euro
Funding Scheme: 2016-05-11
Pgm2014 2020: Yes
In 2015, only 23 percent of Rwanda’s population could access the electricity grid. Its target is that by 2018, 70% of the population has access to electricity power, for this purpose, an Energy grant worth 177 million euro was provided by the European Union.
To allow Rwanda to respect its energy target of 70% of the population that has access to power by 2018, the European Union and government of Rwanda have this Tuesday 9th May signed a financing agreement worth 177 million euro. These funds will support the energy sector in the next five years, to improve electricity supply, transmission and distribution, and to manage the sector and raising citizens accessibility to energy in all forms (electricity, solar, biomass).
In 2015, the government said only 23 percent of Rwanda’s 11 million population could access the electricity grid or other off-grid sources. Broader access to power is seen as vital to boosting economic growth in Rwanda.
This Energy grant is part of a larger 460 million euro the EU agreed to provide to Rwanda in 2015 in form of budget support. EU assistance focuses on areas government has requested including : energy, agriculture, and governance.
Url description: KT press