Bujagali II 250MW hydroelectric power plant

Overview:

• Bujagali II 250MW hydroelectric power plant PPP
• The project is being developed by Bujagali Energy, a special purpose company owned by Sithe Global Power and the Aga Khan Fund for Economic Development.
• The plant is located at the Bujagali falls near Lake Victoria and initial construction began in 2007.
• The project has obtained additional financing, although the amount remains confidential.
• The lenders were led by Standard Chartered Bank London.
• Additional lenders included the IFC, African Development Bank and the European Investment Bank.
• In April 2016 Norwegian hydroelectric power company SN Power acquired a stake in the project previously owned by Mauritian company SG Bujagali Holdings, which is indirectly owned by funds managed by Blackstone.

Kurt Stumpo - Journalist