OWNERS

Ruzizi III Energy Limited (REL) will be a public-private partnership during the project's construction and operation.

The shareholders of REL during the initial development period are Industrial Promotion Services (IPS) and SN Power AS (SNP) (owned by TotalEnergies). 

IPS is the infrastructure and industrial development arm of the Aga Khan Fund for Economic Development (AKFED). Within East Africa, IPS has operations in Kenya, Uganda, Tanzania, Burundi, Mozambique, and the DRC and employs over 10,000 people. Outside the East and Central Africa region, IPS operates in Côte d’Ivoire, Burkina Faso, Mali, Senegal, and in Asia in Tajikistan, Afghanistan, Kyrgyzstan, and Pakistan.

AKFED is an international development agency dedicated to promoting entrepreneurship and building economically sound enterprises in parts of the developing world that lack sufficient foreign direct investment. It also makes bold but calculated investments in situations that are fragile and complex. It is part of the Aga Khan Development Network. 

TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables, and electricity. TotalEnergies' 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable, and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

After the financial close, the shareholders of REL will be Ruzizi III HPCL (comprising IPS and SN Power ) and the Contracting States (comprising Burundi, DRC, and Rwanda), with the private and public parties holding 70% and 30% of the company’s share capital, respectively. The Organization for Energie des Pays des Grands Lacs (EGL) of CEPGL acts as the agent for the three Contracting States and the power purchasers from each Contracting State (Offtakers) for the Project.