Rwanda’s quest to avail affordable energy to the population got a boost this week following, the approval by the World Bank Group of $150m (approximately Rwf142bn) to finance energy access for households, enterprises and public institutions in Rwanda.
Half of the allocated funds will be disbursed in form of grant while the other half will be given on credit, according to a statement.
The funding approved by the World Bank Board of Directors is aimed at building on energy sector gains.
The funding is part of the Rwanda Energy Access and Quality Improvement Project which is tailored to advance Rwanda’s progress towards achieving UN Sustainable Development Goal 7 (SDG7) to ensure access to affordable, reliable, sustainable and modern energy for all.
