Investment in the energy sector will boost the economy

The Rwanda Electricity Corporation (RECO) has announced plans to connect 100,000 new clients to the national grid, every year. The Government is determined to have 50 percent of the population connected to electricity by 2017. By increasing access to the grid, RECO is moving in the right direction. As more Rwandans access electricity, the power utility firm will generate more revenue and continue with its ambitious electrification programme. However, as the firm puts a lot of efforts into generating more power, the diversification of energy sources should be a high priority. With more energy sources, the social and economic development will not only improve, but will also bring down the tariffs. Currently, the main sources of energy are thermal and hydroelectric power, yet there are others like wind, solar, biogas and methane that can be exploited to increase power generation. With sufficient and affordable energy, entrepreneurs will be, without doubt, encouraged to invest in the country. Focus should be on encouraging investors to exploit the possibilities in the energy sector. The demand for energy is high and growing. Ends

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Investment in the energy sector will boost the economy