Page 11 - AfrElec Week 05 2022
P. 11
AfrElec DEVELOPMENT AfrElec
TotalEnergies signs MoU
with Rwanda to develop
energy sector
RWANDA TOTALENERGIES of France has signed a multi-energy strategy in Africa – and particu-
memorandum of understanding (MoU) with larly in Rwanda, which has a booming economy.
the Rwanda Development Board (RDB) on “We are pleased to seize this opportunity to
developing collaboration in the area of ener- work together with Rwanda and contribute to
gy-related projects. the development of its energy sector, in line with
The MoU covers the supply and distribu- TotalEnergies’ ambition to become a global multi
tion of LPG as a substitute for biomass, as well energy company,” he said in the press release.
as electric charging, and renewable hydropower TotalEnergies also quoted RDB chief execu-
generation, TotalEnergies said in a January 31 tive Clare Akamanzi as saying that the French
press release. company’s investments in clean energy stor-
Additionally, the document addresses the age and distribution and its partnerships with
development of power storage solutions for local private-sector companies were timely, as
Rwanda’s electrical network and Natural Based Rwanda was making the environment the focus
Solutions for carbon storage, the energy transi- of its development strategies.
tion and the implementation of education and “[The] skills transfer in critical areas such as
training programmes for new forms of energy. renewable energies and energy transition will
The global multi-energy firm also said on Jan- undoubtedly contribute to the development of
uary 31 that it had incorporated a local subsid- local expertise in the energy sector,” she said.
iary, TotalEnergies Marketing Rwanda Ltd, and The RDB is a public institution mandate to
had opened a permanent representative office in accelerate the East African country’s economic
Kigali, the country’s capital city. development. TotalEnergies is involved in the
TotalEnergies chief executive Patrick Pouy- production and marketing of oil and biofuels,
anné said that the signing of the MoU illustrated natural gas and green gases, renewable energy
the French major’s commitment to deploying its and electricity.
Oikocredit lends €5mn to Ecoligo
for solar-as-a-service
GHANA SOCIAL impact investor Oikocredit is extend- sub-Saharan Africa and to bring more solar pro-
ing a €5mn ($5.6mn) loan to Ecoligo, a provider jects to life than ever before, allowing us to create
of “solar-as-a-service” solutions for commercial meaningful change,” Ecoligo chief finance officer
and industrial businesses in Africa. Markus Schwaninger said.
With the investor’s support, Ecoligo will be Ecoligo has since 2016 installed and commis-
able to provide around 15 companies and organ- sioned 58 projects of 19.2MW supporting over
isations in Ghana and Kenya with access to clean 41 businesses and non-governmental organ-
energy, and benefit from significant cost savings, isations (NGOs) in reducing carbon dioxide
Oikocredit said in a press release. (CO2) emissions while making significant cost
“Thanks to [Oikocredit’s] support, we savings.
have been able to scaleup our operations in
Week 05 03•February•2022 www. NEWSBASE .com P11
