Rwanda: TotalEnergies Signs a MoU With Rwanda Development Board (RDB) to Deploy Its Multi-energy Offer and Contribute to the Development of the Energy Sector

Rhea-AI Summary

TotalEnergies and the Rwanda Development Board signed a Memorandum of Understanding to collaborate on energy projects in Rwanda. The scope includes distribution of energy products, supply of LPG, renewable hydro-electricity, power storage solutions, carbon storage development, and education on energy transition. TotalEnergies also announced the establishment of TotalEnergies Marketing Rwanda Ltd and a permanent office in Kigali. CEO Patrick Pouyanné emphasized the commitment to Africa's energy sector, while Rwanda's CEO Clare Akamanzi highlighted the importance of skills transfer in renewable energies.

Positive

• Collaboration with Rwanda aims to enhance energy sector and sustainability.
• Investment in clean energy and infrastructure development.
• Establishment of TotalEnergies Marketing Rwanda Ltd enhances local presence.

Negative

• None.

PARIS & KIGALI, Rwanda--(BUSINESS WIRE)-- Regulatory News:

During a visit to the country by Patrick Pouyanné, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Rwanda Development Board, a Rwandan public institution responsible for accelerating Rwanda’s economic development, have signed a Memorandum of Understanding (MoU) to develop collaboration on projects related to energies. The scope of the agreement covers in particular:

• The energy products distribution (including LPG, and electric charging),
• The supply of LPG as a substitute for burning biomass,
• The renewable hydro-electricity generation,
• The development of power storage solutions for the electrical network,
• The development of Natural Based Solution for carbon storage,
• The implementation of education and training programs on new energies and the energy transition.

TotalEnergies also announced the incorporation of a local branch TotalEnergies Marketing Rwanda Ltd, and the opening of a permanent representation office in Kigali.

“This collaboration agreement illustrates TotalEnergies' commitment to deploying its multi-energy strategy in Africa, particularly in Rwanda, a country with a booming economy”, said Patrick Pouyanné, Chairman & CEO of TotalEnergies. “We are pleased to seize this opportunity to work together with Rwanda and contribute to the development of its energy sector, in line with TotalEnergies’ ambition to become a global multi energy company”

“The collaboration with TotalEnergies in the energy sector, particularly the investment they will make in clean energy storage, distribution, partnerships with our private sector companies in Rwanda and beyond, is timely for a country that puts the environment at the heart of its development strategies. Additionally, the skills transfer in critical areas such as renewable energies and energy transition will undoubtedly contribute to the development of local expertise in the energy sector.” said Clare Akamanzi, CEO of the Rwanda Development Board.

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About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our 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.

Twitter: @TotalEnergies LinkedIn: TotalEnergies Facebook: TotalEnergies Instagram: TotalEnergies

Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

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TotalEnergies Contacts

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR

Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com

Source: TOTALENERGIES SE

FAQ

What is the recent collaboration between TotalEnergies and Rwanda?

TotalEnergies and Rwanda Development Board signed a Memorandum of Understanding to collaborate on various energy projects in Rwanda.

What projects are included in the MoU between TotalEnergies and Rwanda?

The MoU includes energy product distribution, supply of LPG, renewable hydro-electricity generation, power storage solutions, carbon storage development, and education on energy transition.

When was the MoU between TotalEnergies and Rwanda signed?

The Memorandum of Understanding was signed during Patrick Pouyanné's visit to Rwanda.

What is TotalEnergies' commitment in Africa?

TotalEnergies is committed to deploying its multi-energy strategy and contributing to Africa's sustainable energy development.

What new entity has TotalEnergies established in Rwanda?

TotalEnergies has established TotalEnergies Marketing Rwanda Ltd to expand its operations in the region.