The Saudi Fund for Development (SFD) has concluded an agreement for a concessional development loan of US$20mn to finance the electricity delivery project in the Kamonyi District
The project aims to build a network of medium and low-pressure power lines and electricity distribution transformers to provide electricity to households, public institutions, and social facilities in the Kamonyi District. This project is part of a wider Energy Access and Quality Improvement programme to improve access to reliable and cost-effective electricity services for several of the most underserved areas in the country.
The programme is expected to benefit around 60,000 people and enhance economic, agricultural, and industrial activities, create direct and indirect employment opportunities, improve livelihoods, support Rwanda's economic growth, and promote sustainable living.
CEO of SFD, Sultan Al-Marshad, stressed the importance of this project at the signing ceremony, adding it will support the Kamonyi region with electricity infrastructure and enhance sustainable economic and social development in Rwanda.
He commented, “Based on the cooperation, we hope that this project will be a source of development and bring benefits to Rwanda and its people to achieve the sustainable development goals.”
Rwanda’s Minister of Finance and Economic Planning, Uzziel Ndagijimana, noted that the financing will contribute to electrification efforts in Kamonyi District which currently stands at 58.9%.
He remarked, “At the completion of this project, electricity access in Kamonyi District will increase by 6.8%, thus contributing to increase economic and social development within the framework of our National Strategy for Transformation by connecting electricity to more households. It is another step towards our ultimate goal of ensuring all Rwandan citizens have access to electricity by 2024.”
