Rwanda’s universal energy access program receives a financial boost

Rwanda’s universal energy access program (RUEAP), which is a part of the National Strategy for Transformation (NST1) 2017–2024 that aims to improve access to energy and efficiency of energy service delivery to households, businesses, and public institutions in the East African country, is set to receive a financial boost.

This is as a result of a US$ 66.2M loan agreement signed by the Government of Rwanda and that of the Republic of Korea. The loan facility is concessional in nature and it will be repaid in 40 years timeframe including a grace period of 15 years, at the interest rate of 0.01 percent annually.

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