Norwegian hydropower firm SN Power has acquired a roughly 66% stake in Ugandann outfit Bujagali Energy Limited (BEL), for approximately $277m, following the latter company's successful refinancing. BEL owns the 250 MW hydropower facility in Ugandan, which generates almost half of the country's electricity, and will be transferred to the country's government for the nominal fee of $1 in 2043.
Norwegian hydropower firm SN Power has acquired a roughly 66% stake in Ugandan outfit Bujagali Energy Limited (BEL), for approximately $277m, following the latter company's successful refinancing. BEL owns the 250 MW hydropower facility in Uganda, which generates almost half of the country's electricity, and will be transferred to the country's government for the nominal fee of $1 in 2043.