Rwanda, July 17 -- The Board of Directors of the African Development Bank Group has approved €173.84 million for the Rwanda Energy Sector Result-Based Financing (RBF II) program to modernize the electricity network, expand access to clean energy, and strengthen institutional capacity.The Asian Infrastructure Investment Bank will provide an additional €86.92 million, bringing the total program cost to €260.76 million.The Board approval on July 14 marks the African Development Bank's second result-based energy sector operation in Rwanda, following a $305 million program approved in September 2018. This indicates Rwanda's preference for a performance-based financing approach in closing power infrastructure gaps.The RBF II pro...