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TA for the Ruzizi III Project

Central Africa
Grant Amount
EUR 1,900,000
Total project cost
EUR 552,000,000
PFG Lead Financier
PFG co-Financier

The project consists of the construction of a 147 MW Hydropower Plant on the Ruzizi river bordering DRC and Rwanda. It will be developed as a Public Private Partnership, through a concession provided to a private investor to develop, build, operate, and maintain the plant. Ruzizi III would be the third hydropower development on the river following Ruzizi I ("RI" - 29.8 MW) and Ruzizi II ("RII" - 43.8 MW). Reinforcement and extension of the transmission and distribution system in the DRC, Rwanda and Burundi will allow the evacuation of the additional 147 MW that will be produced by the new Ruzizi III hydropower plant.Further to the finalisation of the feasibility studies and the selection of a preferred investor to develop Ruzizi III, negotiations led to the signing of a Project Term Sheet in September 2014. However, before all project documents can be signed and both the Sponsor and the lenders commit their funding (equity and debt) to RIII, which would allow RIII to commence construction, a number of key development activities are still required. This includes the undertaking of additional geological studies, updating of the ESIA, preparing and launching the bid and negotiation of the EPC contract as well as the Operations and Maintenance Agreement, and the further development and negotiation of all project documents. In addition, lenders will have to conduct the due diligence of the project.

The TA grant will be used to finance an Engineer with a broad range of technical, financial,  legal and  socio economic responsibilities tu support EGL (project executing agency) and the three States in their decision making from the preparation of the project Ruzizi III until its implementation. The activities range from the preparation and review of the tender documents to supervision during the commercial operation. The corresponding financing agreement to be concluded with CEPGL is currently under negotiation.