The World Bank approved $150 million to Rwanda to help improve access to modern energy for households, enterprises and public institutions
The grant will also help enhance the efficiency of electricity services in the country. The grant will be given as $75 million as grant funding and the other $75 million as a loan.
The Rwanda Energy Access and Quality Improvement Project (EAQIP) is aiming to improve the country’s progress towards achieving UN Sustainable Development Goal 7 (SDG7) to ensure access to affordable, sustainable, reliable and modern energy for the county’s citizens.
It also aims at contributing to Rwanda’s vision of reducing reliance on cooking fuel by 50 per cent.
The project targets 2.15 million people, leveraging an additional $30 million in public and private sector investments. the project aims to develop a sustainable market for affordable clean cooking solutions in Rwanda, by incentivising the private sector and improving the enabling environment.