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The Bujagali power plant is the largest in Uganda and one of the largest in Africa. It is located in the city of Jinja, from where the Nile flows from Lake Victoria in the center of the country.
With a capacity of 25 megawatts, the power plant would be among the 25 largest in Norway, covering nearly half of the energy consumed in Uganda. A press release. As part of the sale, the factory is refinancing something that will give the ugens cheaper electricity in the coming years.
– This is a great day for all participants, says Torger Lien, CEO of SN Power. This agreement guarantees Uganda clean and stable energy for decades to come. It is also a concrete proof that we are following our strategy of investing in renewable energy in developing countries of Africa and Asia.
According to the plan, the plant will be transferred to the Ugandan state in 2043 and should have a shelf life
SN Power is 100% owned by Norfund, a Norwegian public company that is part of the development of Norway. Norfund will contribute to economic growth and sustainable development by investing in, among other things, hydropower and other renewable energies. The company has power plants in Panama, Laos, the Philippines and Zambia.
(© NTB)
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