Anzana Electric Group, a leading American electricity company developing, investing in, and operating power generation and distribution projects in Africa and the Great Lakes region, has expressed an interest in acquiring a 10% equity stake in Rusizi III Holding Power Company Limited (RHPCL). ALSO READ: Ruzizi III Hydro Power project gets Rwf19bn boost from AfDB The project is a Public-Private Partnership to power more than 30 million people in Rwanda, Burundi, and DR Congo. Project developers, on June 26, announced that Rusizi III Holding Power Company Limited has officially signed a Letter of Intent with Anzana Electric Group that would enable Anzana to acquire a 10% stake in the project once an agreement is concluded. ALSO READ: AfDB approves $138 million for Rusizi III hydropower project A Letter of Intent (LoI) between Rusizi III Holding Power Company Limited and Anzana Electric Group is a formal document that outlines the preliminary understanding between two or more parties before a final agreement is signed. It shows that the parties are serious about moving forward with a deal, but it is not yet legally binding. The Letter of Intent was signed during the U.S.–Africa Business Summit in Angola to explore a strategic partnership on the $760 million Rusizi III power project. The U.S. played a supportive role in brokering the new partnership between Rusizi III Holdings and Anzana Electric to advance the Rusizi III Hydropower Project. Both parties are committed to negotiating towards a binding Partnership Agreement by September 15 in which Anzana may acquire no less than a 10% equity stake in RHPCL. ALSO READ: A breakdown of Rwanda's new policy on sustainable energy generation The agreement will outline governance rights, investment commitments, and the trajectory for further collaboration. As an American electricity company committed to powering opportunity across Africa, Anzana is proud to partner with RHPCL and the governments of Burundi, DR Congo, and Rwanda at this pivotal moment, stated Brian Kelly, the CEO of Anzana, during the 2025 U.S.–Africa Business Summit in Angola. ALSO READ: Rwanda needs $1.5bn to achieve universal energy access by 2029 “Ruzizi III will deliver sustainable, affordable, and reliable electricity to millions. Through this partnership, we are not only powering homes, communities, and industries; we are helping to drive regional integration, strengthen energy security and stability, and pave the way for expanded U.S. investment and trade in Africa’s energy future.” Once operational, the project will help power homes and industries across the three countries, driving regional growth, creating jobs, and supporting a low-carbon future for millions. The project will nearly double Burundi’s current capacity, boost Rwanda’s by 30%, and deliver critical baseload and dispatchable power to eastern DR Congo, advancing economic growth, regional integration, and energy security in one of Africa’s most underserved regions. “The Directors of RHPCL are enthusiastic about this potential strategic alliance and, assuming a successful outcome of the partnering process, look forward to harnessing Anzana's expertise and experience to realise the full potential of the Ruzizi III Project, extending critical energy access and fostering development in the region,” said Aleem Karmali, the Director for RHPCL.
