Societe Tunisienne del L’Electricite et du Gaz, or STEG, signed a $68.6 million contract to connect 50,000 households to Rwanda’s electricity grid.
STEG will build the electricity network over two year, while Rwanda pays in installments over five years, Yves Muyange, managing director of Rwanda’s electricity and water utility, said by phone from the capital, Kigali, today.
The project is part of a $380 million program to increase the number of households with electricity to 350,000 from 110,000 as of June. The program is being financed by the government and its development partners, Muyange said.
“The project is part of government efforts to connect 50 percent of the population by 2017,” Muyange told reporters after signing the project agreement on Nov. 23.
http://www.bloomberg.com/news/2010-...6-million-electricity-contract-in-rwanda.html
STEG will build the electricity network over two year, while Rwanda pays in installments over five years, Yves Muyange, managing director of Rwanda’s electricity and water utility, said by phone from the capital, Kigali, today.
The project is part of a $380 million program to increase the number of households with electricity to 350,000 from 110,000 as of June. The program is being financed by the government and its development partners, Muyange said.
“The project is part of government efforts to connect 50 percent of the population by 2017,” Muyange told reporters after signing the project agreement on Nov. 23.
http://www.bloomberg.com/news/2010-...6-million-electricity-contract-in-rwanda.html