ContourGlobal Receives Investment Guarantee for KivuWatt Wind Project

5 May 2011 (Last Updated May 5th, 2011 18:30)

ContourGlobal has received an investment guarantee from the Multilateral Investment Guarantee Agency (MIGA) to support its $142m KivuWatt project in Kibuye, Rwanda. The KivuWatt project is a combined methane gas extraction and production facility with an associated 25MW power plant loc

ContourGlobal has received an investment guarantee from the Multilateral Investment Guarantee Agency (MIGA) to support its $142m KivuWatt project in Kibuye, Rwanda.

The KivuWatt project is a combined methane gas extraction and production facility with an associated 25MW power plant located on Lake Kivu.

The company is in discussions with a lending syndicate led by the African Development Bank, the Emerging Africa Infrastructure Fund, and FMO, the Dutch development bank, to arrange finance for the project.

The project is expected to commence operations in 2012.