Rwanda is seeking funds, about $225 million, to build an 80 MW peat-fired power plant, in Akanyaru marshland, Gisagara district.

“We are running a major project for peat power plants in order to achieve our objective of 563 MW by 2018, which will provide us with enough energy to support the growth of our economy. We are currently looking for funds to concretize this project,” said Claver Gatete, Rwanda’s minister of finance and economic planning.

In this framework, the government reached out to institutions such as PTA bank, African Finance Corporation, Development Bank of Rwanda and Afreximbank.

Presently, Rwanda generates 161 MW. In order to achieve its 2018 target of 563 MW, $3 billion of investment are needed.

Gwladys Johnson