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EIB confirms commitment to Ruzizi III hydropower project


The European Investment Bank, the long-term lending institution of the European Union and world’s largest multinational lending body, today confirmed that it will work closely with financial preparation of the Ruzizi hydroelectric project to be launched on 7 July in Kigali. This marks the start of a second financial stage of preparations in the Ruzizi project. Leading development finance institutions who recognise the scheme’s clear potential contribution to electricity generation in the Great Lakes region will now discuss possible financing of the project, following completion of detailed technical feasibility studies.

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