The UK's CDC, France's Proparco and German firm DEG are among the members of a consortium of banks and financial companies to back a more than $400 refinancing package for Ugandan firm Bujagali Energy. It owns the Bujagali hydropower project, which has replaced more than 100 MW of the country's diesel plants since its commission in 2012, and generates 45% of Uganda's electricity. The debt financing is aimed at helping the company reduce prices, as well as its debt servicing payments, over the next five years.
The UK's CDC, France's Proparco and German firm DEG are among the members of a consortium of banks and financial companies to back a $400m refinancing package for Ugandan firm Bujagali Energy. It owns the Bujagali hydropower project, which has replaced more than 100 MW of the country's diesel plants since its commission in 2012, and generates 45% of Uganda's electricity. The debt financing is aimed at helping the company reduce prices, as well as its debt servicing payments, over the next five years.