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Bujagali Energy Limited

Coordinates: 00°19′59″N 33°07′43″E / 0.33306°N 33.12861°E / 0.33306; 33.12861
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Bujagali Energy Limited
Company typePrivate
IndustryElectric power generation
Founded2004
HeadquartersNjeru, Uganda
ProductsElectricity
WebsiteHomepage

Bujagali Energy Limited (BEL), is an electric energy generating company in Uganda. The company owns and operates the Bujagali Power Station, which was the largest hydropower plant in the country as of July 2014.[1]

Overview

BEL is a single purpose company, formed to develop the 250 megawatt Bujagali Hydropower Station. Under arrangements with the government of Uganda (GOU), BEL owns and operates the power plant for 30 years, starting with commissioning. After the 30 years, BEL will transfer ownership of the station to the GOU for US$1.00. The power generated is sold to the Uganda Electricity Transmission Company Limited, the Uganda electricity transmitter monopoly. The power purchase agreements were executed between the concerned parties, in December 2005.[2]

Power stations

BEL owns and operates the Bujagali Hydroelectric Power Station, a 250 megawatt hydropower station built on the Victoria Nile at a cost of US$900 million between 2007 and 2012.[3]

Fund Sources for Bujagali Power Station
No. Name of Lender Loan Amount (US$) Percentage Ownership
1 International Finance Corporation[4]
2 African Development Bank
3 European Investment Bank 130.00[5] 14.44
4 German Investment Corporation
5 KfW of Germany
6 PROPARCO of France
7 French Development Agency
8 Netherlands Development Finance Company
Total 900.00 100.00

Ownership

As of September 2016, the shareholders in BEL were:[6]

Shareholding In Bujagali Energy Limited
Rank Name of Owner Percentage Ownership
1 Jubilee Investment Company[7]
2 Government of Uganda[6]
3 Sithe Global Power 65.0[6]
4 Industrial Promotion Services[6]
5 Aga Khan Fund for Economic Development[6]
Total 100.00

See also

References

  1. ^ Article (31 January 2011). "Bujagali Energy Limited: Powering Opportunity". Bus-Ex.Com Quoting Bujagali Energy Limited. Retrieved 19 July 2014.
  2. ^ Mwesigye, Shifa (8 August 2013). "One Year On: Bujagali Doubles Power Supply". The Observer (Uganda). Retrieved 19 July 2014.
  3. ^ Press, Release (8 October 2012). "Ugandan President Museveni And Aga Khan Inaugurate Bujagali Hydropower Plant". The Blackstone Group. Retrieved 19 July 2014.
  4. ^ IFC (20 December 2006). "Bujagali Energy Limited: Summary of Proposed Investment". International Finance Corporation (IFC). Retrieved 19 July 2014.
  5. ^ EIB (2 July 2007). "Bujagali Hydroelectric Project, Uganda". European Investment Bank(EIB). Retrieved 19 July 2014.
  6. ^ a b c d e Kalinaki, Daniel (4 September 2016). "Uganda urges Bujagali investors to take haircut on project to reduce power costs". The EastAfrican. Nairobi. Retrieved 7 September 2016.
  7. ^ Juma, Victor (23 May 2014). "Jubilee Wins 30-Year Pact to Operate Bujagali". Daily Monitor. Retrieved 23 May 2014.

00°19′59″N 33°07′43″E / 0.33306°N 33.12861°E / 0.33306; 33.12861

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