Kivuwatt Ltd.

Debt : August 2011

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

Sub-Saharan Africa: Rwanda

Investment field

Infrastructure

Activity

Energy ; Thermal power plant

Organisation

Kivuwatt Ltd.

Domicile

Rwanda

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

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