Bujagali Energy Limited #42834
Created at
2020-08-11
Last update
2020-08-11
Involvements (10)
ID
Name
European Investment Bank
Country of registration/origin
Luxembourg
Classification
Investment Bank
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
92 000 000
Loan date
2007-12-14
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
ID
Name
Bujagali Holding Power Company Limited
Country of registration/origin
Uganda
Classification
Private company
Relationship
Parent company
Investment type
Shares/Equity
Comment
Around 35%
ID
Name
Government of Uganda
Country of registration/origin
Uganda
Classification
State-/government (owned) company
Relationship
Parent company
Investment type
Shares/Equity
ID
Name
FMO (Netherlands Development Finance Company)
Country of registration/origin
Netherlands
Classification
Investment fund
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
56 700 000
Loan date
2018-06-22
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)
ID
Name
CDC Group plc
Country of registration/origin
United Kingdom of Great Britain and Northern Ireland
Classification
State-/government (owned) company
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
44 050 000
Loan date
2018-07
Comment
CDC made an investment of $44 million debt in July 2018. (https://www.cdcgroup.com/en/our-impact/investment/bujagali-energy-limited/)
ID
Name
DEG (Deutsche Investitions- und Entwicklungsgesellschaft)
Country of registration/origin
Germany
Classification
Investment fund
Relationship
Tertiary investor/lender
Investment type
Debt financing
ID
Name
Proparco
Country of registration/origin
France
Classification
Investment fund
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
37 045 639
Loan date
2018-06-22
Comment
US$ 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)
ID
Name
African Development Bank (AfDB)
Country of registration/origin
Côte d'Ivoire
Classification
Multilateral Development Bank (MDB)
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
110 000 000
Loan date
2007
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$400 million loans of Bujagali Energy Limited (BEL) in 2018.The financiers include IFC, a member of the World Bank Group, African Development Bank (Joint Mandated Lead Arrangers), Netherlands Development Finance Company (FMO), France’s Proparco, Germany’s DEG, United Kingdom’s CDC and two commercial banks: ABSA and Nedbank.
ID
Name
International Finance Corporation (IFC)
Country of registration/origin
United States of America
Classification
Multilateral Development Bank (MDB)
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
100
Loan date
2018-06-22
Comment
US$ 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
ID
Name
SN Power
Country of registration/origin
Norway
Classification
State-/government (owned) company
Relationship
Parent company
Investment type
Shares/Equity
Ownership share
49.8 %
Comment
SNP owns 64.89% of the non-voting class B shares and 49.75% of the class A voting shares in Bujagali Energy Limited (BEL).
Through SN Power Invest Netherlands, a 100% subsidiary of SN Power.
Deals (Involvements as Operating company) (1)
ID
Target country
Uganda
Intention of investment
Renewable energy unspecified
Current negotiation status
Concluded (Contract signed)
Current implementation status
In operation (production)
Deal size
388 ha