EIB funds Ruzizi III hydropower project preparatory works
The first Public Private Partnership project to generate renewable energy from shared resources in Africa came closer to reality following the signature of a key agreement to enable preparatory works to commence.
The European Investment Bank is providing €9 milllion to fund final preparatory works on the Ruzizi III hydropower project, which will generate reliable electricity from the Ruzizi river to be shared equally between the Democratic Republic of Congo, Burundi and Rwanda.
Once commissioned, Ruzizi III will double Burundi’s current electricity generation capacity, increase Rwanda’s installed capacity by 33% and provide much-needed baseload power in Eastern DRC, a region that is otherwise isolated from DRC’s interconnected grid.
The European Union, Germany's KfW, the French Development Agency (AFD), the African Development Bank (AfDB), and the World Bank are also supporting the project.
