Norwegian SN Power and Industrial Promotion Services sign agreements for Ruzizi III hydropower project

Industrial Promotion Services, the industrial and infrastructure development arm of the Aga Khan Fund for Economic Development, and Norwegian renewable energy company SN Power have signed agreements for the 147 MW Ruzizi III hydropower project with the governments of Burundi, the Democratic Republic of Congo (DRC) and Rwanda. The proposed Ruzizi III is a run-of-the-river hydropower project to be located on the Ruzizi river between Rwanda and DRC. Once commissioned, Ruzizi III will double Burundi’s current capacity, increase Rwanda’s installed capacity by 33 per cent and provide the much-needed baseload power in eastern DRC. The project, with an estimated cost of $650 million, is expected to reach financial closure in 2021 and become operational by 2025-26.

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