\n The company\u2019s Chief Executive Officer, Stephen Tierney, said the first phase of the project, valued at just over $360 million, is nearing completion, with all lake sites and onshore facilities already in place and offshore works now underway.\n <\/p>\n
\n \u201cAt this stage, all of the lake sites and onshore work are largely complete, and offshore work has commenced,\u201d Tierney explained.\n <\/p>\n
\n \u201cThe key barge hull is under fabrication, along with pumps, compressors, and other long-lead equipment.\u201d\n <\/p>\n
\n \u201cIt will help meet Rwanda\u2019s growing demand for cooking gas and automotive fuels, while reducing dependence on imported energy,\u201d Tierney added.\n <\/p>\n
<\/p>\n
\n Signed in 2019 between GasMeth and the Government of Rwanda, the project faced initial delays caused by complex financing arrangements and global supply chain disruptions.\n <\/p>\n
\n Tierney revealed that obtaining confirmed gas off-takers and sourcing specialised equipment took longer than anticipated.\n <\/p>\n
\n Despite these challenges, the project has regained momentum with strong backing from the Rwandan government and international financiers, including the African Export-Import Bank (Afreximbank).\n <\/p>\n
\n The facility, based in Karongi District\u2019s Bwishyura Sector, began preliminary works in 2022 and currently employs about 250 people, a number expected to triple as construction ramps up next year.\n <\/p>\n
\n \u201cThis will help cut CO\u2082 emissions, improve air quality, and reduce reliance on wood and charcoal, which are major drivers of deforestation,\u201d he said.\n <\/p>\n
\n GasMeth\u2019s project, alongside existing methane plants KivuWatt and Shema Power Lake Kivu, could mark a turning point for Rwanda, and perhaps for Africa, in tapping lake methane as a sustainable energy source.\n <\/p>\n","protected":false},"excerpt":{"rendered":"The company\u2019s Chief Executive Officer, Stephen Tierney, said the first phase of the project, valued at just over…\n","protected":false},"author":2,"featured_media":257308,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[192,79],"class_list":{"0":"post-257307","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-environment","8":"tag-environment","9":"tag-science"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/257307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=257307"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/257307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/257308"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=257307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=257307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=257307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}