Rwanda: REG considers capital-raising options

The government is considering various options to increase the capital of Rwanda Energy Group (REG) in order to finance planned infrastructure development. Corporate communications adviser Prosper Mubera Birori told African Energy one possibility was to bring in a strategic investor who would acquire an equity stake in the group as a whole, or in REG’s Energy Utility Corporation Limited (EUCL) subsidiary, which is responsible for the operation and maintenance of the existing generation plants, the transmission and distribution network, and selling electricity to end-users.