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) and the Dutch development bank, FMO, has committed US$27 million each for the project at 16-years loan term. The project is also backed by the Africa Renewable Energy Fund. The plant will benefit from the “GetFiT” program, which is funded by a number of European governments and the EU. GetFiT funding brings down the average cost of power to consumers.
The energy produced from the 16 MW Kikagati hydropower project will be sold to Uganda Electricity Transmission Company Limited.
Country updates
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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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July 25, 2018
SN Power closed SG Bujagali Holdings' stakes acquisition in Bujagali hydro project
The Norwegian hydropower company, SN Power, has closed the acquisition of about two-third stakes owned by SG Bujagali Holdings, a Sithe Global company indirectly owned by investmen...
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April 26, 2018
Proparco, a subsidiary of the French Agency for Development, and the Dutch development bank FMO have provided financing for the project
