Rwanda: Nyabarongo II financing

The Export-Import Bank of China is to extend a concessional loan worth $214m to the government of Rwanda to finance the 43.5MW Nyabarongo II hydropower project and associated transmission infrastructure. Representatives of the two governments signed a framework agreement on 8 February paving the way for the disbursement of the loan, which will finance the construction of the hydropower plant, a substation, and a 110kV transmission line to connect the plant to the grid.