Groundbreaking for hydropower plant in MusanzeEnlarge image Ambassador Dr. Peter Woeste, Hon. James Musoni - Minister for Infrastructure, and US Ambassador Erica Barks-Ruggles (© rAREH / Joseph Naganga)
Germany finances 40 percent of the new hydropower plant in Musanze. Ambassador Dr. Peter Woeste: “ Rwanda needs more energy. And Germany believes in the future of clean and affordable energy. This project can be a perfect role model to link these needs and aspirations. As discussed at the G20 recently we see the necessity to discuss innovative financing solutions. This project will fit perfectly into the new development approach.“
The German government’s bank, the KfW, established “rAREH”, an investment fund to develop and operate renewable energy projects in Sub-Saharan Africa. This fund is open for private investors to join us, to multiply funds. The Rwaza hydro power plant will be one of these ecologically-sustainable projects. And it will work commercially, sustainable and viable with a good return of investment.
“We hope to see such projects not just here in Rwanda but across the continent.”