The African Development Bank Group has approved €173.84 million for the Rwanda Energy Sector Result-Based Financing (RBF II) program to modernize the electricity network, expand access to clean energy, and strengthen institutional capacity.
A statement issued by the AfDB said the Asian Infrastructure Investment Bank will provide an additional €86.92 million, bringing the total cost of the program to €260.76 million.
The RBF II program is anchored on Rwanda’s Energy Sector Strategic Plan (ESSP II 2024–2029) and aims to improve the quality of life of residents, drive economic growth, and reduce poverty through targeted investments in the energy sector.
Specifically, the program is focused on delivering results in three areas: modernizing and extending the electricity network and systems; increasing access to on-grid and off-grid electricity and clean cooking technologies; and strengthening technical and institutional capacity.
It will connect 200,000 households and 850 productive-use customers to the national grid, add 50,000 new electricity connections through off-grid solutions, provide clean cooking devices to 100,000 households and 310 public institutions, and install street lighting on 200 km of roads in secondary cities across Rwanda.
The RBF II program is a key deliverable under the Bank’s High-5 priority areas of “Light Up and Power Africa” and “Improve the Quality of Life of the People of Africa.”
Additionally, it will contribute to delivering on the Mission 300 Initiative of the African Development Bank and the World Bank to connect 300 million Africans to electricity by 2030.
Source: https://energynewsafrica.com
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