Rwanda seeks $3.05bn from investors for power grid and climate projects
The government is pitching its electricity and urban resilience needs to international lenders at the COP31 climate conference.
Rwanda is seeking US$3.05 billion in international investment for its electricity ambitions, including US$1.3 billion for grid infrastructure. Prime Minister Justin Nsengiyumva presented the country's priorities at the COP31 climate conference, where Rwanda called for stronger partnerships with multilateral development banks and development finance institutions.
On November 12 Nsengiyumva attended a high-level event on the Global Grids Accelerator, presided over by United Nations Secretary-General António Guterres. Rwanda said it needs to expand transmission capacity by 70 per cent and raise regional electricity trade from 100 megawatts to 200 megawatts.
The country also highlighted renewable energy, clean cooking, electric mobility, sustainable agriculture and the circular economy. The discussions included the Mission 300 initiative, which aims to connect 300 million people in Africa to electricity by 2030.
Why it mattersLenders who fund the grid expansion would finance transmission capacity that Rwanda says must grow by 70 per cent.