German multinational, Siemens to venture in Rwanda’s energy sector

By The New Times

0

German multinational, Siemens could in the coming months make its debut in the Rwanda with investments in energy and infrastructure.

The firm’s top executives have been in the country on an exploratory mission to map out opportunities in the country.

Andre Bouffioux, the Chief Executive of Siemens covering Belgium, West and Central Africa said that they are keen on investing in the energy and infrastructure sectors.

In the energy sector, Siemens is looking to invest in production, transmission and distribution.

Among the aspects, he said they are keen on improving efficiency in transmission to avoid losses in the transmission and distribution of power.

“We have a three phased approach prior to implementation, the first one is exploration, and the second one involves meeting with stakeholders such as government and getting commitments and finally following up with implementation,” he told The New Times.

He said that so far, they are impressed with Rwanda’s economic growth potential, stability and business environment among others.

Bouffioux said that they already have interests from select members of the private sector but would also be looking for partnership with the government in the investment process.

Following the completion of their study, the firm’s officials are looking to meet government officials seeking commitment prior to investment.

The chief executive said that they are yet to ascertain the amount they would be investing.