TotalEnergies signs MoU with Rwanda Development Board

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TotalEnergies signs MoU with Rwanda Development Board

4:38 CAT | 31 Jan 2022

Photo: Twitter / @UrugwiroVillage

Rwanda: TotalEnergies Signs a MoU With Rwanda Development Board (RDB) to Deploy Its Multi-energy Offer and Contribute to the Development of the Energy Sector

During a visit to the country by Patrick Pouyanné, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Rwanda Development Board, a Rwandan public institution responsible for accelerating Rwanda’s economic development, have signed a Memorandum of Understanding (MoU) to develop collaboration on projects related to energies.

This afternoon at Urugwiro Village, President Kagame held a meeting with Patrick Pouyanné @PPouyanne, Chairman and CEO of @TotalEnergies following which they witnessed the signing of an MoU between @RDBrwanda and @TotalEnergies to develop collaboration in various sectors. pic.twitter.com/UyMb4kOprh

— Presidency | Rwanda (@UrugwiroVillage) January 30, 2022

The scope of the agreement covers in particular:

The energy products distribution (including LPG, and electric charging),

The supply of LPG as a substitute for burning biomass,

The renewable hydro-electricity generation,

The development of power storage solutions for the electrical network,

The development of Natural Based Solution for carbon storage,

The implementation of education and training programs on new energies and the energy transition.

TotalEnergies also announced the incorporation of a local branch TotalEnergies Marketing Rwanda Ltd, and the opening of a permanent representation office in Kigali.

“This collaboration agreement illustrates TotalEnergies’ commitment to deploying its multi-energy strategy in Africa, particularly in Rwanda, a country with a booming economy”, said Patrick Pouyanné, Chairman & CEO of TotalEnergies. “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”

“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. 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.” said Clare Akamanzi, CEO of the Rwanda Development Board.

Next stop Maputo…. (Pouyanne is there today)
The rather odd dance of denial about French, Total, Rwanda, Moz nexus appears to be giving way to a push for EU funding for an RDF deployment that appears to prioritize LNG protection.

How are SADC interests accommodated, if at all? https://t.co/NKyN2B5l8Y

— Piers Pigou (@PiersPigou) January 31, 2022

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

Happening now: Business forum between TotalEnergies, a global multi-energy company represented by Chairman and CEO Patrick Pouyanné, and Rwanda’s private sector members. The forum aims to explore areas of collaboration between @TotalEnergies and companies from Rwanda. pic.twitter.com/1pLW1MuSW7

— Rwanda Development Board (@RDBrwanda) January 30, 2022

PHOTOS: President #Kagame on Sunday held a meeting with Patrick Pouyanné @PPouyanne, Chairman and CEO of Total Energies, at Village Urugwiro.

They also witnessed the signing of an MoU between @RDBrwanda and @TotalEnergies to develop collaboration in various sectors. pic.twitter.com/xsNq045taW

— The New Times (Rwanda) (@NewTimesRwanda) January 30, 2022

Source: TotalEnergies / Press Release