Abidjan, Côte d’Ivoire, 18 April 2019 - Rwanda signed a deal with Symbion Power to develop a $200-million-dollar energy plant on the shores of Lake Kivu. The Project is expected to generate an additional 56 Megawatts of electricity for the Country. It is a
significant step in Rwanda’s efforts to increase its installed power generation capacity by 291MW by 2024, the Government aims to increase its power generation capacity from 221MW to 512MW.
The ALSF provided advisory services support to the Government of Rwanda for the negotiation of the Concession Agreement and Power Purchase Agreement (Project Agreements). The support provided resulted in well-drafted and balanced project agreements, both agreements were signed on March 29 th between the Republic of Rwanda and Symbion Power Lake Kivu Limited (Project Company). As a result of the support provided, the challenges faced by the Government during the negotiation process were minimized, said a representative from the Ministry of Infrastructure.
The Project Agreements grant the Project Company, the right to develop, build, and operate a 56 MW power plant on the shores of Lake Kivu for the duration of the Concession.
The main objective of this Project is to extract methane gas from the production area at Lake Kivu and allow the plant to produce electricity from the methane gas. This will intensify the Country's efforts to ensure that all Rwandan households have access to electricity. The Rwandan people are expected to start enjoying the benefits of this Project in the next 14 months, the point at which the investor is expected to start generating electricity.
Guaranteeing universal access to electricity is paramount to the Government and will have a positive impact on household incomes, create jobs, and ultimately help achieve a higher standard of living for all Rwandans.
The Symbion Power project is part of a greater ALSF project providing assistance to Rwanda’s Ministry of Infrastructure (Rwanda MININFRA Project), which has included support provided for the Nyabarongo II Project, which will have a 43.5 MW generation capacity and is expected to increase overall installed capacity by 11.5%.
“The ALSF’s support to Rwanda, through the Rwanda MININFRA Project, seeks to ensure that individuals across the Country, in both cosmopolitan and rural areas have access to energy, which is key to promoting sustainable development and inclusive growth. The Project also seeks to ensure that this development occurs on the best possible terms for Rwanda” added ALSF Legal Counsel and Project Task Manager, Ms. Nchimunya Ndulo.
The African Legal Support Facility is an international organization hosted by the African Development Bank Group. The Facility is dedicated to funding legal advice and technical assistance to African countries in their negotiation of complex commercial transactions, creditor litigation and other related sovereign transactions. The ALSF also develops and proposes innovative tools for capacity building and knowledge management.
African Legal Support Facility Contact: Eve Ehoura, firstname.lastname@example.org