Rwandan peat-to-power project to generate 80 MW

A $350-million deal has been signed to finance an 80 MW peat-to-power project in Rwanda, which aims to increase access to electricity for the three-quarters of the country’s population that is currently off the grid. The group of signatories includes Africa Finance Corporation (AFC), which is arranging senior debt facilities of $225-million, contributing $75-million in loans and providing an underwriting commitment of $35-million, as well as Finnfund, the Development Agency of Finland, which is ...