The European Investment Bank (EIB) has confirmed its commitment to the financial preparation of the Ruzizi hydropower project on the borders between Rwanda, Burundi and the Democratic Republic of Congo.

This is the start of the second financial stage of the project, in which the financing of the project will be discussed, following completion of detailed technical feasibility studies.

The EIB said that the plan for a 147 MW hydropower plant on the Ruzizi river has the potential to transform electricity supply to Rwanda, Burundi, and the Democratic Republic of Congo – representing over 100 million people.

The project would be the first public-private sector energy engagement in the Great Lakes region of central Africa.

According to the EIB, energy use in the region is currently dominated by use of charcoal for cooking, and electrification via the Ruzizi project can contribute significantly to economic development.

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