American Company Secures Tender for Electricity Production from Methane Gas in Lake Kivu, In DRC
According to Bloomberg, Symbion Power, an American company, has been awarded the tender for the production of electricity from methane gas in Lake Kivu, as announced by Didier Budimbu Ntubuanga, the Minister of Hydrocarbons.
The American agency Bloomberg also reported the confirmation from Paul Hinks, managing director of Symbion, who stated that the project involves the Makelele block of methane gas.
He further mentioned that the operation will be carried out in partnership with Renewable Energy Developments.
The project specifically involves converting 60 megawatts of gas into electricity, with an investment of at least $300 million. Additionally, Symbion Power plans to establish its own distribution network in the region.
Kivuwatt, an American-led company, is already operational, but in the Rwandan waters of Lake Kivu. The company constructed a dam in 2015 and currently produces between 210 and 215 gigawatt hours annually, accounting for approximately 30% of Rwanda’s energy.
