By Ann BrownPublished: May 18, 2014, 01:00pm

Rwanda Finalizes Deal For Solar Plant

From Headline & Global News

Rwanda signed a deal to install a new solar power plant in the Kayonza District.

The plant will add 10 megawatts to the national security grid in the next 21months, according to all Africa. $30 million (about 20 billion Rwandan francs) willbe spent on construction.

Goldsol II, a consortium between three companies, will manage and built the plant.The three companies are TMM Renewables based in South Africa, Gesto EnergyAfrica based in Malta and the local firm 3E Power Solar.

“We are encouraged by the Government of Rwanda through its economic,privatization and energy development policy that encourages and supports privateinitiatives and investments in the construction and development of electricitygenerated plants,” said Nuno Nobrega, managing director of TMMRenewables. “The GoldSol consortium has a track record of investments in Africathat exceeded $800 million. We need to commission this project as soon aspossible so we can focus on additional renewable energy projects in Rwanda.”

Written by John Nassivera/Read more at Headline & Global News

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