Rwanda: Financing agreed for 80MW peat plant
- 08 Dec 2016
| 1 minute read
A financing agreement worth $350m has been signed for an 80MW peat-fired power plant in Kabumbwe, Gisagara district. The deal was announced by the Africa Finance Corporation (AFC), which is providing a loan of $75m in addition to arranging $225m of senior debt from a consortium including the Eastern and Southern African Trade and Development Bank (PTA Bank), the African Export-Import Bank (Afreximbank), the Development Bank of Rwanda, and the Export-Import Bank of India. AFC is also underwriting $35m and Finnish development agency Finnfund is lead arranger for the junior debt and is providing $10m of mezzanine debt.
Want to read more?
(Access to one African Energy article)
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map