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    Signature(s)

    Amount
    € 92,134,679.22
    Countries
    Sector(s)
    Uganda : € 92,134,679.22
    Energy : € 92,134,679.22
    Signature date(s)
    14/12/2007 : € 92,134,679.22
    Link to source

    Summary sheet

    Release date
    22 December 2006
    Status
    Reference
    Signed | 14/12/2007
    20050357
    Project name
    Promoter - financial intermediary
    Bujagali Hydroelectric Project
    Bujagali Energy Ltd. c/o Byenkya, Kihika & Co., 22 Jinja Road, Spear House, Kampala.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 92 million.
    EUR 582 million.
    Location
    Sector(s)
    Description
    Objectives

    Building and operating of a dam, 30 m high, and of a hydropower station of up to 250 MW capacity, as well as construction of a high voltage line to Kampala in the framework of a public private partnership. Project developed since the late 1990s by AES Corporation, to be implemented by a private consortium mandated by the Ugandan Government in 2005.

    Meeting the rising gap between electricity demand and limited power generation capacity in Uganda by developing hydropower capacity as the economically most attractive option while minimising environmental impacts.

    Environmental aspects
    Procurement

    The water reservoir requires 3.9 km2 land use at a natural site of scenic beauty. A social and environmental impact assessment (SEA) has been completed and mitigating measures have been defined according to international standards, based on widespread and iterative consultation with local communities, affected persons - including some 600 residents resettled from the project area and tourism businesses to be relocated - as well as other stakeholders.

    The project sponsors were appointed upon competitive international bidding. Selection of the turnkey contractor and procurement of supplies and works for the hydropower plant follows the EIB guidelines for procurement.

    Comments

    Electricity generation.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    Link to source

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