Kigali, Rwanda — ESI-AFRICA.COM — 02 February 2012 – The international energy investment forum that has just ended in the Rwandan capital should be a springboard for international investors seeking to invest not only in Rwanda’s power sector, but in that of the entire East and Central African region.
Reporting this, “The New Times” says that the very fact is that the conference “’ which brought together investors, energy experts and government officials “’ could not have chosen a better venue than Kigali, where the government has gone out of its way to make the sector one of the pillars of its development agenda.
However, investing in the crucial sector does not come cheap, and as the minister of state for energy and water said at a news conference, prior to the opening of the conference, there was a need to invest at least US$5 billion within the next five years.
Figures from the Energy Water and Sanitation Authority (EWSA) show that it generates and distributes 100 megawatts (MW), which is short of the 1,000MW needed to meet the country’s development agenda and vision.
The government has invested in research and identified the areas that have the potential to produce energy. What remains is finding the investors who will work with the East African people to meet the growing energy requirements.