Bujagali Hydropower Project
Bujagali Hydropower Project represents one of the largest privately-funded power sector investments made in Sub-Saharan Africa and sets a unique precedent for public-private…Read More
Bujagali Hydropower Project (250MW)
Bujagali Hydropower Project represents one of the largest privately-funded power sector investments made in Sub-Saharan Africa and sets a unique precedent for public-private partnerships in the region. The Project has been developed through a Build, Own, Operate and Transfer arrangement through a 30-year Power Purchase Agreement (PPA) with the Uganda Electricity Transmission Company (UETC) and an overarching 30 year Implementation Agreement (IA) with the Government of Uganda.
Located on the River Nile in Jinja, the project provides 250MW of clean and renewable source of energy generation, covering nearly 50% of the country’s effective generation capacity, making it one of the largest Clean Development Mechanism (CDM) projects in Africa and in any Least Developed Country (LDC).
In addition to power generation, multiple of social and environmental programmes targeting the local communities have been undertaken. Examples include:
– Collaborating with the Nation Water Sewage Corporation to supply piped water to nine local villages aimed at improving water and sanitation for local residents;
– Restoration of livelihoods through trainings such as animal husbandry and agricultural productivity;
– Construction and upgrading of medical clinics, including provision of new medical equipment;
– Construction and equipping of new secondary and nursery schools, accompanied by adult education and vocational training;
– Reafforestation in the local area; and
– Rural electrification
Enhancement of existing and development of new tourist facilities downstream of Kalaga Falls area
Alongside AKFED and its affiliates, co-developers and the other shareholders of the Project include Sithe Global LLC of the USA as well as the Government of Uganda (GoU). Financing support to the Project has also been provided by a range of development partners/financiers including the International Finance Corporation (IFC), European Investment Bank (EIB), African Development Bank (ADB), DEG/KFW, Proparco/French Development Agency and FMO.
At the time of financial close, the Project not only represented the first independent power project (IPP) in Uganda, but actually the largest successful mobilization of private financing for a power project in sub-Saharan Africa. It was named “Africa Power Deal of the Year 2007” by Project Finance magazine.
It remains a prominent and internationally cited case study of how various international financial institutions can work together with private sector project sponsors to address their financing and risk mitigation concerns, and at the same time meet the client country’s economic objectives.
For more information about Bujagali Hydropower Plant, log on to http://www.bujagali-energy.com.
Tsavo Power Company
TPC was established to own and operate the 75 MW Kipevu II Diesel Power Plant at Kipevu, Mombasa, which has the capacity to provide 8% of the energy consumed in Kenya.Read More
WENRECO generates, transmits and distributes electricity in a reliable and affordable manner to the rural populations in the West Nile region of Uganda…Read More
WENRECO generates, transmits and distributes electricity in a reliable and affordable manner to the rural populations in the West Nile region of Uganda under a 20 year license.With the development and commissioning of Nyagaka I, a 3.5MW mini-hydropower project power is generated in an environmentally friendly manner reducing energy related CO2 emissions making it the first project in Africa to qualify for the World Bank-administered Prototype Carbon Fund(PCF). As a pioneering sub project within the Government of Uganda’s Energy for Rural Transformation (ERT) Project, the project continues to promote socio-economic development in one the most under developed regions in Uganda. Notably, the company has now provided electricity access to over 4,500 customers up from 2,300 when the concession agreement was first signed. In addition, by expanding its role into operating and maintaining grids in the Arua and Nebbi districts, WENRECo is now providing 18-24 hours of power supply daily (as opposed to the previous 4 hours) connecting households, schools, health centers, businesses and trading centers, thereby making a continued positive impact on health and education services as well as spurring the growth of the commercial sector and agro-based industries in the region.