Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3017

Deal #3017 Version #87225

Uganda

Created at

2013-02-15

Last update

2022-06-23

Last full update

2024-01-18

Land area

Intended size

20 000 ha

Size under contract (leased or purchased area)

[2004, current] 20000 ha

Size in operation (production)

[2011] 10400 ha
[current] 18481 ha

Comment on land area

Part of the concession will be used to regenerate native bush. Another source states 6500ha (project area). Another source states 21500 ha.

Intention of investment

[2004, current] Forest logging / management for wood and fiber, For carbon sequestration/REDD (20000 ha)

Comment on intention of investment

The state granted the company a licence to develop three timber plantations; the licence comes with strict conditions (e.g. no permission to grow food crops or allow cattle grazing). The company has applied for carbon credits for carbon offsetting.

Nature of the deal

Concession

Negotiation status

[2004] Concluded (Contract signed)
[2012] Failed (Contract cancelled)
[2013, current] Concluded (Contract signed)

Comment on negotiation status

NFC does not own or lease the land. The contract failed due to a $15 million loss. The company is active again after conflict resolution took place with the affected communities.

Implementation status

[2005] In operation (production)
[2012] Project abandoned
[2013, current] In operation (production)

Comment on implementation status