Rwanda/Burundi/DRC: €15m grant for Ruzizi III

Rwanda’s Ministry of Finance and Economic Planning on 18 May announced that it had signed a bilateral agreement with the German government for German development bank KfW to provide a €15m grant for the 147MW Ruzizi III hydropower project. The $650m project is being developed by the Agha Khan’s Industrial Promotion Services and US developer Sithe Global, under a contract awarded in 2014, and will supply Burundi, the Democratic Republic of Congo and Rwanda with 49MW each.