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Africa Finance Corporation and others Commit US$350m to Rwanda’s Power Projects
LAGOS (Capital Markets in Africa)- A US$350 million deal to finance an 80 megawatt (MW) peat to power project in Rwanda, which will improve access to electricity for the three quarters of the country’s population that is currently off the grid, has reached financial close. The power plant, which is expected to increase installed capacity in Rwanda by 40%, will utilise the Country’s significant peat reserves to improve the national installed generation capacity. Despite its…
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