Kivuwatt Ltd.
The purpose of KivuWatt is the extraction of methane gas from the Rwandan site of Lake Kivu and use of the gas as fuel for electricity generation in a power plant.
Amount
€ 7,750,715.07
Type of investment
Debt
Development impacts
- Private sector consolidation/innovation
- Access to basic services & goods
- Fight against climate change and preservation of natural resources
Beneficiary locations
Investment field
Infrastructure
Activity
Energy ; Thermal power plant
The project Kivuwatt integrates the gas-extraction on floating platforms from the depth of Lake Kivu and a 13 km underwater gas pipeline will transport the gas to an onshore marine landing site which supports gas engines of an onshore power station near the city of Kibuye.
Gas extraction is based on a 25 years Gas Concession Agreement between the Government of Rwanda and Kivuwatt. 100% of the electricity will be sold to the state-owned Energy, Water and Sanitation Authority EWSA under a 25 years power purchase agreement.
Development impacts
-
Private sector consolidation/innovation
Addition of 250,000 people connected to the national electricity grid; improved reliability of supply
-
Access to basic services & goods
Energy
-
Fight against climate change and preservation of natural resources
Renewable energy : this project makes diesel generators redundant, which considerably reduces CO2 emissions
View more of our investments in this region
Investment Companies & Funds
Metier Capital Growth Fund III
6,000,000.00
Ghana, Kenya, Nigeria, South Africa, Uganda
30/06/2023
Infrastructure
Spark + Africa Fund
350,000.00
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Rwanda, Senegal, Tanzania, Uganda
01/06/2023
Subsidy