Emerging Africa Infrastructure Fund (EAIF), the financing facility of the Private Infrastructure Development Group (PIDG), has structured a US$22 million financing scheme for the Serengeti Energy for its 7.8 MW Nyamwamba II hydroelectric power plant in Western Uganda.
The project is located upstream of the 9.2 MW Nyamwamba I hydropower plant. The energy produced from the plant is sold to the Uganda Electricity Transmission Company Limited (UETCL) under a 20-year power purchase agreement (PPA).
Country updates
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November 16, 2020
Tullow Oil completes US$575mn sale of Ugandan assets to Total
Tullow Oil plc (Tullow) has completed the sale of its assets in Uganda to Total with US$500 million consideration. Tullow is also due to receive a further US$75 million when a Final Investment Decisio...
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September 10, 2019
Kikagati Power Company reaches financial close for 16 MW hydropower project
Kikagati Power Company has achieved financial close for the US$87 million hydropower project located the Kagera River between Uganda and Tanzania. Emerging Africa Infrastructure Fund (EAIF...
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March 05, 2019
Emerging Africa Infrastructure Fund signs loan for 14 MW hydropower project on the border of Uganda and Tanzania
The Emerging Africa Infrastructure Fund has announced the signing of a US$27 million loan to Kikagati Power Company Limited, which is building a 14 MW run-of-the-river hydro electricity generating sta...
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December 16, 2018
Project expected completion date
Project expected completion date. At that time it will be the largest power plant in Uganda and will provide about 50% of the country’s energy
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July 26, 2018
DFIs refinance 250 MW hydropower project in Uganda
A consortium of development finance institutions and commercial lenders has completed the refinancing of more than US$400 million loans of Bujagali Energy Limited (BEL), owner of a 250 MW ru...
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