Economics

US Firm Backs $760 Million Congo-Rwanda-Burundi Hydropower Plant

A long-delayed plan to build a hydropower plant on the Ruzizi River between Rwanda and the Democratic Republic of Congo received a boost amid US-backed peace talks between the two countries.

Anzana Electric Group will team up with Rwanda-registered Ruzizi III Holding Power Co. Ltd. to construct the 206-megawatt Ruzizi III project, the companies said in a joint statement on Tuesday.