Rwanda: Tea producer secures hydro funding

The Development Bank of Rwanda (BRD) has agreed to provide an RWF8bn ($11.6m) loan to tea producer Rwanda Mountain Tea (RMT) for the construction of a further 4MW hydropower plant on the Giciye River. The second phase of the 8MW Giciye hydroelectric project, located in Nyabihu District in the northern part of Rwanda’s Western Province, is expected to take about 18 months to construct and will cost an estimated RWF11.4bn, BRD said on 24 November. The first 4MW plant was inaugurated in June.