Release date: 22 December 2006
Promoter – Financial Intermediary
Bujagali Energy Ltd. c/o Byenkya, Kihika & Co., 22 Jinja Road, Spear House, Kampala.Location
Description
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.
Objectives
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.
Comments
Electricity generation.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 92 million.
Total cost (Approximate amount)
EUR 582 million.
Environmental aspects
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.
Procurement
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.
Status
Signed - 14/12/2007
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).