|Project Name||Hakan Quantum Power Project|
|Donor/Funder||Hakan Mining and Electricity Generation Inc. & Quantum Power Ltd|
|Effectiveness Date||01 Nov 2016|
|Closure Date||31 Dec 2019|
YUMN Ltd. is developing an 80 MW peat fired power plant in South Akanyaru prospect in Gisagara District and the project is to be developed as Public Private Partnership (PPP). On Feb 10, 2016, Amendment and Restatement Deeds for Power Purchase Agreement, Concession Agreement and Government Guarantee have been signed. Since February 2017 the project is under construction phase and it constructions activities will cover a period of 45 months from the effective date which occurred on 14th November 2016. The operation period is 26 months from commercial operation date. At the end of the operation period, HAKAN will transfer the power plant back to the Government of Rwanda.
The Government of Rwanda has committed to provide to Hakan the access road to the site, the evacuation transmission line from the power plant to the grid, construction energy and water during a construction period and operation period for the construction, testing, and commissioning. Currently the access road, construction energy and construction potable water were granted to Hakan. MoU for routine maintenance of the access road was signed by all concerned parties. Contract negotiation for the construction of the evacuation transmission line is ongoing.
South Akanyaru, Gisagara District
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