Dutch solar firm, NOTS, has announced it will invest $70 million (about Rwf61 billion) in the production of solar lighting products in Rwanda, raising the country’s prospects of achieving universal coverage by 2024.
The development comes after the Government, early this month, said it had signed an agreement with the firm to manufacture and distribute solar home systems.
Solange Mutezintare, NOTS Chief Operating Officer in Rwanda, said that they offer the home solar systems for Rwf52,500 payable in 100 weekly instalments.
This is affordable for most Rwandan families, she said, even for households in the first and second Ubudehe categories.
With the size of investment, the Government is also keen on supporting the firm to tap into the export market in the region as it increasingly bids to promote its Made-in-Rwanda programme to help bridge the trade deficit.
Read full article: The New Times