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French energy giant TotalEnergies signed multi-energy deal with Rwanda

TotalEnergies also announced the opening of a permanent office in Rwanda

French energy giant TotalEnergies signed multi-energy deal with Rwanda

Kigali, February 1 - Neftegaz.RU. TotalEnergies will launch a variety of activities in Rwanda, in the coming weeks and months according to its CEO, Patrick Pouyanné who was on a visit to Rwanda to explore business opportunities with local investors.
Pouyanné was also received by President Paul Kagame last Sunday.

TotalEnergies and Rwanda Development Board have signed a Memorandum of Understanding to develop collaboration on projects related to energies.
Different areas of collaboration entailed in the pact include:
  • energy products distribution such as LPG and electric charging
  • supply of LPG as a substitute for burning biomass and renewable hydro-electricity generation
  • the development of power storage solutions for the electrical network
  • the development of Natural Based Solutions for carbon storage
  • the implementation of education and training programmes on new energies and the energy transition
The French company also announced the incorporation of a local branch, TotalEnergies Marketing Rwanda.
It has also opened a permanent office in Kigali.
Commenting on the MoU, Pouyanne said:
  • This collaboration agreement illustrates TotalEnergies' commitment to deploying its multi-energy strategy in Africa, particularly in Rwanda, a country with a booming economy
  • 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
Rwanda is one of the smallest, most densely populated countries on the African continent.
To date, 67.1% of Rwandan households have access to electricity.

Source : Neftegaz.RU


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