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Rwanda Energy Group CEO: How COVID-19 is impacts Rwanda’s electrification targets
Rwanda Parliament approved an International Development Association (IDA) credit worth €91,4 million to finance Rwanda’s energy sector supplemental development policy financing. In the country, government's statistics indicate that electricity access rose to 54 per cent countrywide (39 per cent on-grid, 15 per cent off-grid). CNBC Africa’s Fiona Muthoni spoke with Ron Weiss, CEO of Rwanda Energy Group for more.
Tue, 09 Jun 2020 09:59:46 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Rwanda has made significant progress in its electrification targets, reaching 54% countrywide, with plans to achieve 100% electrification by 2024.
- The COVID-19 pandemic has posed challenges for ongoing energy projects, but Rwanda Energy Group is implementing strategies to ensure project completion within set timelines.
- Digitization efforts in the energy sector, along with business reforms to attract investors, are key focus areas for Rwanda Energy Group's operations.
Rwanda is making significant strides in its electrification targets, with the government's statistics indicating that electricity access has risen to 54% countrywide, comprising 39% on-grid and 15% off-grid connections. In a recent interview with CNBC Africa, Ron Weiss, the CEO of Rwanda Energy Group, shed light on the challenges faced by the energy sector amidst the COVID-19 pandemic. The Rwanda Parliament recently approved an International Development Association credit worth €91.4 million to finance the country's energy sector supplemental development policy financing. This funding is crucial in achieving Rwanda's goal of 100% electrification by 2024. Weiss highlighted the impact of the pandemic on ongoing projects, noting that the lockdown restrictions had caused disruptions in the supply chain and workforce movement. However, the Rwanda Energy Group is diligently working to make up for lost time and ensure that projects are completed within the set timeline. Weiss mentioned some emergency projects that continued during the lockdown, emphasizing the adoption of safety measures such as masks and sanitation protocols to safeguard workers. He also discussed the specific funding provided by the World Bank, among other development partners, to help connect more households to the grid. With 54% electrification already achieved, Weiss expressed confidence that Rwanda would reach 100% electrification by 2024 with the support of additional funding. He mentioned that a total investment of $1.5 billion is needed for the energy sector, with $650 million already secured from various partners. Despite the setbacks caused by the COVID-19 pandemic, Weiss remains optimistic about achieving the electrification target on time. In terms of digitization, Weiss explained that the operational side of generation and transmission in the energy sector is already fully digitized, with plans to implement a distribution management system in the coming years. This digitization effort aligns with Rwanda's broader goal of digital transformation across all sectors. Weiss also touched upon the role of Rwanda Energy Group in facilitating business reforms to attract more investors. He highlighted initiatives such as an online application process for new connections and providing free connections to customers located near the grid. By streamlining processes and improving accessibility, Rwanda Energy Group is contributing to Rwanda's overall business environment and economic growth. In conclusion, Weiss emphasized the importance of perseverance and innovation in overcoming challenges, stating that the Rwanda Energy Group is committed to achieving its electrification targets despite the obstacles presented by the pandemic.
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