{{The Governing Board of the OPEC Fund for International Development (OFID), meeting in its 140th Session, approved US$12 Million described as supplementary Loan to scale up Electricity Acess.}}<\/p>\n
The Loan will help Rwanda improve access to reliable and cost-effective electricity services for households and priority public institutions (such as schools and health centers) in urban and peri-urban areas, as well as densely-populated rural areas presently unconnected to the grid.<\/p>\n
Rwanda says, the additional funds will be dedicated to the construction of Rukarara Substation and Rukarara – Kilinda High Voltage line. The two activities will facilitate the dispatch in a reliable way, Energy from Rukarara Power Plant to the National grid (including to Kigali City). <\/p>\n
The line additionally help in the power transmission from planned Hydro Power Plants of Rukarara I & II and other different Micro Hydro Power Plants expected in the surrounding area.<\/p>\n
OPEC approved 12 loans and grants totaling over US$201 million to boost socio-economic development in 29 partner countries. <\/p>\n
The bulk of the funding will co-finance projects aimed at combating energy poverty, followed by loans to help bolster the agriculture, education, health and transportation sectors of the recipient countries.<\/p>\n
The portfolio of OPEC Fund for International Development include among other projects: A new project to co-finance lot 6 of the Kivu Belt Multinational Road withOFID\u2019s contribution amounting USD 10 Million;
\nCo-financing in the Rehabilitation of Kitabi-Congo Nil (Nyungwe forest) Road:USD 10 Million;<\/p>\n
The completed rehabilitation of Ngororero – Mukamira Road: 10,000,000 USD, Project.<\/p>\n
The Umutara Community Resources and Infrastructure Development Programme, total loan amounting USD 8 million;<\/p>\n
The Contribution to ongoing Three Hydroelectric Power Plants Rehabilitation Project: Mukungwa, Gihira and Gisenyi: USD 3 Million<\/p>\n
Ongoing Butare Water Supply phase II Project: USD 4 million.<\/p>\n
The discussions on the forthcoming cooperation is on;
\n{{Infrastructure}}: <\/p>\n
{{Road:}} the financing of the construction of Base \u2013 Gicumbi – Nyagatare andNgoma – Ramiro – Nyanza Road Projects;<\/p>\n
{{Private Sector Development}}; Request for Credit Lines to finance SMEs and International trade through leading (Commercial and Development): <\/p>\n
Rwanda signed with OFID\u201cAgreement for the Encouragement and Protection of Investment\u201d on February 1, 2002 and OFID has announced the \u201cInternational Trade Guarantee Scheme\u201d in partnership with Chattered Standard Bank, BK has submitted an expression of interest for this credit line to support SMEsin range of 20 million USD.<\/p>\n","protected":false},"excerpt":{"rendered":"
{{The Governing Board of the OPEC Fund for International Development (OFID), meeting in its 140th Session, approved US$12 Million described as supplementary Loan to scale up Electricity Acess.}} The Loan will help Rwanda improve access to reliable and cost-effective electricity services for households and priority public institutions (such as schools and health centers) in urban […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[334],"hashtag":[],"class_list":["post-3164","post","type-post","status-publish","format-standard","hentry","category-news","tag-homenews","byline-igihe-reporter"],"bylines":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/3164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=3164"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/3164\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=3164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=3164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=3164"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=3164"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=3164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}