RWANDA – TotalEnergies, an integrated oil and gas company, has signed a memorandum of understanding with Rwanda Development Board (RDB) to deploy its multi-energy offer and contribute to the development of the energy sector.
The agreement covers product distribution, LPG, hydropower, power storage for the network, nature-based solutions for carbon storage and training programmes on the energy transition.
“This collaboration agreement illustrates TotalEnergies’ commitment to deploying its multi-energy strategy in Africa, particularly in Rwanda, a country with a booming economy,” said Pouyanné, chairman & CEO of Total.
“We are pleased to seize this opportunity to work together with Rwanda and contribute to the development of its energy sector, in line with TotalEnergies’ ambition to become a global multi energy company.”
TotalEnergies also announced the creation of the subsidiary TotalEnergies Marketing Rwanda Ltd, and the opening of a permanent office in Kigali.
“This collaboration agreement illustrates TotalEnergies’ desire to deploy its multi-energy strategy in Africa, particularly in Rwanda, a country whose economy is booming,” said Patrick Pouyanné.
“We are happy to seize this opportunity to collaborate with Rwanda and contribute to the development of the country’s energy sector, in line with TotalEnergies’ ambition to become a global multi-energy company.”
Rwanda has been involved in the counterinsurgency in northern Mozambique, where Total is working to build a major LNG project. The company declared force majeure in March 2021 following a terrorist attack.
The European Union (EU) has expressed support for Rwanda’s security work in Mozambique. EU ambassador to Rwanda Nicola Bellomo last week said there was an ‘ongoing discussion on possible EU support to Rwanda and to identify new avenues to promote and preserve peace and security on the continent’.
“The collaboration with TotalEnergies in the energy sector, particularly the investment they will make in clean energy storage, distribution, partnerships with our private sector companies in Rwanda and beyond, is timely for a country that puts the environment at the heart of its development strategies,” said Clare Akamanzi, CEO of the Rwanda Development Board.
“Additionally, the skills transfer in critical areas such as renewable energies and energy transition will undoubtedly contribute to the development of local expertise in the energy sector.”
Speaking on behalf of Rwanda’s business community, Robert Bafakulera, Chairman of the Private Sector Federation expressed readiness by the business community to tap into opportunities presented by TotalEnergies.
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