Rwanda looks forward to increased investment in energy sources in order to achieve universal energy access by 2024, Rwandan minister of infrastructure Claver Gatete said Friday in Kigali, capital city of Rwanda.
Rwanda's energy sector is ripe and has enormous investment potential, Gatete said on a high level dialogue with the European Union (EU) delegation to Rwanda, noting that the country is looking at increasing investments in different energy sources to satisfy power demand, especially for the growing manufacturing sector and urbanization.
Gatete invited foreign and local investors to invest in the country's lucrative energy sector, saying that it holds great promise for an attractive rate of return on all investments.
Hydro power accounts for 42 percent of the total energy sources of Rwanda, thermal accounts for 31 percent, solar accounts for 5 percent and methane takes 14 percent, according to the minister.
The landlocked country seeks to increase electricity production both on and off grid to ensure that 100 percent households will have electricity by 2024 from the current 22 percent, said a government development strategy presented by Rwandan Prime Minister Edouard Ngirente last year.
Editor:Yaling
