- BB Energy Group has invested in Gasmeth Energy Global, a company focused on extracting, processing, and distributing methane gas from Rwanda’s Lake Kivu, one of the African Great Lakes.
- In collaboration with the Ministry of Environment, BB Energy provides 200,000 efficient cookstoves to households nationwide free of charge.
BB Energy Group has invested in Gasmeth Energy Global, a company focused on extracting, processing, and distributing methane gas from Rwanda’s Lake Kivu, one of the African Great Lakes. This naturally occurring gas will be separated from the lake waters and processed into compressed natural gas (CNG), non-fossil biogas, to replace conventional fuels. The CNG will substitute gasoline, diesel, and coal across Rwanda’s transport, industrial, and power generation sectors. It will also replace wood used for cooking and heating. The project will provide an abundant source of domestically produced natural gas to transform Rwanda’s economy, breaking the dependence on fuel imports. Furthermore, it will represent a significant step towards a green, energy-secure, and affordable future for the Rwandan people.
Gasmeth Energy has been awarded a 25-year concession by the Government of Rwanda to extract up to 40 MMscf per day of methane gas from the deep, methane-rich waters of Lake Kivu. Covering approximately 2,700 square kilometres, the lake has naturally elevated methane concentrations in its permanently stratified deep water. Mohamed Bassatne, CEO of BB Energy Group, said: “Our investment forms part of BB Energy’s strategy to provide sustainable and affordable solutions to the energy transition and the fight against climate change. This project will contribute to the UN SDG 7 on clean energy, SDG 13 on climate action, and SDG 8 on decent work and economic growth.”
Egide Gatera, Chairman of Gasmeth, added: “I am thrilled to have BB Energy join Gasmeth’s investor pool. This again validates the attractiveness of Rwanda as an investment destination and efforts made by all in the country towards sustainable development and clean energy.” This investment in Gasmeth follows the October 2022 launch of BB Energy’s Improved Cookstove (ICS) initiative in Rwanda. In collaboration with the Ministry of Environment, BB Energy provides 200,000 efficient cookstoves to households nationwide free of charge. The new stoves significantly reduce deforestation and harmful household emissions by replacing the traditional three-stone-fire cooking method. The initiative is part of a wider agreement signed between BB Energy and the Ministry of Environment to support Rwanda’s fight against climate change.