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The money is provided under the CIFs’ Scaling Up Renewable Energy in Low Income Countries Program (SREP).

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In a statement issued Thursday, Zhang Zhihong, a senior SREP coordinator, said Rwanda has a very ambitious target of electrification through both on-grid and off-grid solutions.

“SREP support will target the development of off-grid energy markets to help bring electricity to unserved communities in rural areas, create employment opportunities and generate income,” he said.

Rwanda aims to provide electricity access to 70 percent of the population by 2018, up from the current 23 percent, through the development of renewable resources, according to government officials.

“SREP funding can act as a catalyst and will help improve the enabling environment conditions to unlock and systematically scale-up private investments,” Zhang added.

“About 1.5 million Rwandans are expected to benefit from the SREP program,” he said.

Robert Nyamvumba, director of the energy division in Rwanda’s Ministry of Infrastructure, said the plans would help unleash the potential of the private sector in providing off-grid energy solutions using renewable energy sources.

“SREP funding mean many Rwandans living in rural areas will have access to energy and improve their lives through development activities as well as create an enabling environment for businesses in the communities,” he said.

The CIFs is providing 72 developing and middle-income countries with urgently needed resources to mitigate and manage the challenges of climate change and reduce their greenhouse gas emissions. Enditem

Source: Xinhua

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