From East African Business Week

Tabu Abdallah Manirakiza, Minister of Finance, Economic Development and Planning said the signing of a financing agreement was done in the context of the implementation of the hydropower plant project on Jiji and Murembwe rivers.

“With financial support from the World Bank, the government of Burundi has initiated a multi-sectoral infrastructure project on water and electricity,” he said.

Rachidi Radji, Resident Representative of the World Bank in Burundi, said the signing of the grant of $100 million means the beginning of the fulfillment of commitments for the financing a project of approximately $270 million.

“This completes the funding of about $ 340 million that the World Bank made last year for the regional hydropower project on Rusumo including $113 million for Burundi,” he said.

He also revealed that in addition to support for increasing capacity to 50 MW, the project will also support the reform REGIDESO including improving its performance by paying attention to the reduction of technical losses and especially commercial, thus create the habit of payment of electricity by all users.

Read more at East African Business Week