Fast-Growing Enterprise Promoting Energy Investment

Ngali Energy is dedicated to ensuring that Rwanda’s present and future energy needs are met. The company is a subsidiary of Ngali Holdings, a 100% government-owned enterprise which was formed in 2010 to invest in large-scale, long-term infrastructure projects and to provide business-incubation and consultancy services through its subsidiaries. It is playing a key role in Rwanda’s economic growth.

Now Rwanda’s biggest investor in energy projects, Ngali Energy has developed in-depth expertise in strengthening energy systems, from policy-making to energy generation, transmission and distribution. As Andrew Nyamvumba, CEO of Ngali Holdings, points out, “Being government-sponsored is a benefit for us at Ngali Holdings. We are able to take the best of both worlds and can minimise the risk strategic investments generating investment information through early stage investment resources that most private companies cannot.”

Ngali Energy currently operates Rwanda’s Rukarara I, a nine-MW hydropower plant, on a “lease-to-buy” basis for the government of Rwanda. Ngali Energy is also developing five mini-hydropower plants, each to be completed within two years. All will benefit from the 25-year power-purchase agreement at favourable tariffs which Ngali Energy has signed with the Rwanda Energy Group. Each plant will also have a 30-year concession agreement with the Rwandan government. Ngali Energy has been awarded a power-generation license by the Rwanda Utilities Regulatory Agency (RURA) and will continue to develop new power plants as well as help upgrade Rwanda’s existing plants.

The Ngali Holdings group has established a number of international partnerships, including with a Slovenian firm concerning high-tech turbines and with Norwegian investors for hydropower plants. Andrew Nyamvumba concludes, “Ngali Holdings can lower costs for investors by handling all the necessary permits. In addition, Ngali Holdings has a skilled team of engineers and can obtain procurements and permits in around a few months instead of the usual longer development periods thanks to the government’s support.” Ngali Energy has positioned itself as the ideal Rwandan partner for international investors in energy projects.