| Investor #42834 | Version 19966 | Version 19976 |
|---|---|---|
General info | ||
| 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. | 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 |
Data sources | ||
Involvements | ||
Involvement #prmza5zj | ||
| Ownership share | 49.8 % | 49.80 % |
Involvement #5sFn9Uhh | ||
| Role | Tertiary investor/lender | |
| Comment | EUR 92 million (approx US$136 million).
A complaint was made against the EIB following a critical assessment on the impacts of the dam.
https://www.eib.org/en/projects/pipelines/all/20050357 | |
| Loan date | 2007-12-14 | |
| Loan amount | 92 000 000 | |
| Investment type | Debt financing | |
| Investor | ||
Involvement #MbSD3hnG | ||
| Role | Tertiary investor/lender | |
| Comment | US$5.67 million. FMO participated in the original financing of the power plant with a senior and subordinated loan with remaining tenors of 5.5 and 9.5 years. Bujagali Energy Ltd will refinance a large portion of the original financing with a new financing consisting of senior loans with a 15 years tenor. (https://www.fmo.nl/project-detail/54838) | |
| Loan date | 2018-06-22 | |
| Loan amount | 56 700 000 | |
| Investment type | Debt financing | |
| Investor | ||
Involvement #TuDjMtaG | ||
| Role | Tertiary investor/lender | |
| Comment | CDC made an investment of $44 million debt in July 2018. (https://www.cdcgroup.com/en/our-impact/investment/bujagali-energy-limited/) | |
| Loan date | 2018-07 | |
| Loan amount | 44 050 000 | |
| Investment type | Debt financing | |
| Investor | ||
Involvement #upEektqm | ||
| Role | Tertiary investor/lender | |
| Investment type | Debt financing | |
| Investor | ||
Involvement #XgxfJc4V | ||
| Role | Tertiary investor/lender | |
| Comment | US$ 37,045,639 (EUR 31,722,589) refinancing of loans allocated by Proparco in 2007 (https://www.proparco.fr/en/carte-des-projets/bujagali-2018) | |
| Loan date | 2018-06-22 | |
| Loan amount | 37 045 639 | |
| Investment type | Debt financing | |
| Investor | ||
Involvement #JbObtf8C | ||
| Role | Tertiary investor/lender | |
| Comment | US$110 million initial loan. AfDB is also part of a consortium of development finance institutions and commercial lenders that announced completion of the refinancing of more than USUS$400 million loans of Bujagali Energy Limited (BEL) in 2018.The financiers include IFC, a member of the World Bank Group, African Development Bank (Joint Mandated Lead Arrangers), Netherlands Development Finance Company (FMO), France’s Proparco, Germany’s DEG, United Kingdom’s CDC and two commercial banks: ABSA and Nedbank. | |
| Loan date | 2007 | |
| Loan amount | 110 000 000 | |
| Investment type | Debt financing | |
| Investor | ||
Involvement #kDDgJtT2 | ||
| Role | Tertiary investor/lender | |
| Comment | US$ 100million + US$ 3million risk management
IFC’s proposed debt investment of up to $100 million for its own account, out of a total package of up to approximately $500 million, will be utilized by the Company to refinance its existing debt.
https://disclosures.ifc.org/#/projectDetail/SII/39102 | |
| Loan date | 2018-06-22 | |
| Loan amount | 100 | |
| Investment type | Debt financing | |
| Investor | ||