15 August 2002 – The Rwandan government is to begin privatising Electrogaz, the firm that produces and distributes the central African country’s water, electricity and gas from early next year, a state official said this week.
“At the beginning of next year, the Rwandan government will hand over the management of Electrogaz to a private company, which will sign a five-year contract with the government,” an official in charge of privatisation at the finance and planning ministry said.
South Africa’s Eskom and Germany’s Lahmeyer International made offers on July 24, the official said, adding that the winning bidder would begin managing Electrogaz at the start of 2003.
“During the life of the first five-year management contract, the managing company will only be able to invest government funds in Electrogaz,” he said.
During the second phase, “the chosen company will be free to invest its own funds in Electrogaz’s activities, but the company’s assets will remain the property of the Rwandan government”.