A Turkish firm, Hakan Mining and Electricity Generation Industry and Trade Inc. has signed a Memorandum of Understanding(MoU) with Ministry of Infranstracture to develop power generating plants in the wetlands of Nyanza and Gisagara Districts in the Southern Province.
According to Emma Francoise Isumbingabo the Minister of State in Charge of energy and Water, the project is expected to be completed in three years and US$230 million (Est. Rwf136,8bn) to develop the peat power generation plants.
Isumbingabo signed the MoU on behalf of the government.
This comes in a wake of unclear circumstances of Rukarara Hydro power project which is said to have involved slapdash deals and work in the execution of the project.
Currently an independent ad-hoc committee from the parliament has been set to investigate thoroughly well what failed the project.
After one month, the ad hoc committee is expected to come up with the expected independent report which will be followed by summoning relevant ministries or will ask for more time if it will have not completed its investigations.
A number of government institutions are now under scrutiny by Parliamentary Public Accountants Committee (PAC) for possible abuse of public funds following auditor general’s report 2009/10 which highlighted billions of funds spent with no supporting documents.
The report listed a number of public institutes that would have been caused a huge loss to the government in various aspects.
The Turkish firm represented by its Board of Director’s Chairman of Hakan, Ahmet Karasoy hailed Rwanda Development Board(RDB) that helped it eased and quickened its paper work.
“We shall also be looking at other energy areas where we can invest in,” Karasoy said.
Energy has become one of the world’s priorities of investment with latest technologies inventing various sources of energy from Sun, human and animal waste, and wind among others.
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