Comment
Currently, the Company has two main shareholders i.e., Bujagali Holding Power Company Limited (“BHPCL”) and SN Power Invest Netherlands (“SN Power”). They represent affiliates of the IPS and SN Power (Norway) respectively. The Government of Uganda also holds shares in the Company.
A refinancing package of more than US$400m agreed upon in 2018 (IFC, AfDB, Proparco, FMO, DEG, CDC as well as ABSA and Standard Bank) will extend the tenor of the bulk of the senior and subordinated loans originally provided in 2007. A range of financial institutions provided these original loans: European Investment Bank (EUR 92 million), AfDB (US$110 million), Proparco