Since Friday 1st December 2017 is held in Paris/France a consultation meeting between the EGL, its Advisor, the State’s Negotiators, the Donors and the Sponsors on the Ruzizi III regional hydroelectric project.
The attendees will focus on the following points:
- Presentation of the option to optimize the design of Ruzizi III project proposed by the Sponsors. This new option will increase the capacity of the future Ruzizi III hydropower plant from 147 MW to 200 MW;
- The impact of this new option on the Trade Agreements already negotiated by the contract States and on the financial closure schedule;
- The guarantees of the offtakers (the three national electricity company : REGIDESO/BURUNDI, SNEL/DRC, REG/RWANDA) by the provision of the escrow accounts on the concessional funds retroceded to the Project Company.
This meeting will also focus to the provisions for the project agreements signing in the week on December 12th, 2017.