ContourGlobal, a New York based power supply company, was recently awarded the 2011 Africa Power Deal of the Year by Euromoney's Project Finance magazine for its U$142 million KivuWatt project.
Located on Lake Kivu in the Western Province, KivuWatt project is an integrated methane gas extraction and production facility.
The KivuWatt lending group includes Emerging Africa Infrastructure Fund (EAIF), Netherlands Development Finance Company (FMO), the African Development Bank (AfDB), and Belgian Investment Company for Developing Countries.
The methane which lies beneath Lake Kivu, will be converted into critical electricity for Rwandans, while reducing greenhouse gas emissions." Turner is quoted speaking to Euromoney Project Finance magazine.