A long-delayed plan to build a hydropower plant on the Ruzizi River between Rwanda and the Democratic Republic of Congo received a boost amid US-backed peace talks between the two countries.
Anzana Electric Group will team up with Rwanda-registered Ruzizi III Holding Power Co. Ltd. to construct the 206-megawatt Ruzizi III project, the companies said in a joint statement on Tuesday.
The $760 million facility will help “drive regional integration, strengthen energy security and stability, and pave the way for expanded US investment and trade in Africa’s energy future,” Anzana’s Chief Executive Officer Brian Kelly said in the statement. ...
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