General Electric, a US leading energy firm, is pondering to invest in the Rwandan energy sector.
This was announced by the firm’s president and CEO, John Krenicki, following his meeting with President Paul Kagame at Village Urugwiro on Wednesday.
“We are impressed with the development in the country, and are interested in working together with the Rwandan government to increase power generation in the country,” Krenicki said.
He said that their project in Rwanda may kick off in a year or two, since they first needed to do thorough preparations.
Krenicki said that preparations will include talking to local private investors.
The State Minister for Energy, Eng Albert Butare, said that negotiations between the Government and General Electric began years ago.
“The President (Kagame) had previously met several leaders of General Electric and sensitized them to invest in Rwanda, but it has not been easy because this firm normally invests in mega projects,” said Butare.
He said that the firm has big projects in countries such as Russia.
“They have especially expressed interest in investing in the Methane gas in Lake Kivu from which they intend to extract energy,” Eng. Butare said. He added that the company will also look at other energy innovations apart from methane project.