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Building Energy: Tororo PV Solar North

Tororo is the eighth renewable energy plant EAIF has backed in Uganda. In total, they contribute some 15% of Uganda’s installed electricity generating capacity.

September 2016

Tororo PV Solar North

Uganda
Uganda
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 20m
EAIF: US$ 7.5m

Just a year after the project’s financing agreements were signed in 2016, the Tororo facility was complete and producing power. The 10MW solar farm is helping to meet the electricity needs c36,000 people in the Tororo area, a mainly rural economy situated 239km east of Uganda’s capital, Kampala. Traditionally dependent on subsistence farming, Tororo’s high rate of long-term unemployment makes economic development vital to stimulating business activity and improving the everyday lives of the local people. The development includes 1.2km of new transmission infrastructure to link the solar farm to Uganda’s electricity grid.

Tororo is the eighth renewable energy plant EAIF has backed in Uganda. In total, they contribute some 15% of Uganda’s installed electricity generating capacity.

The Tororo plant was constructed and is operated by the Italian company, Building Energy. It has developed more than 2000MW of renewable energy projects in Africa. EAIF provided 50% of the US$14.7 million of debt funding. The balance came from the project’s debt finance arranger, FMO.

  • 150 mainly local people were employed in the plant’s construction
  • An estimated 218,400 tonnes of CO2 will be saved during the lifetime of the facility
  • Benefiting from the GETFiT programme of tariff supports, Tororo’s output will lower the average cost of electricity in Uganda

Applying for project support

If you are looking for debt finance for an infrastructure project in sub-Saharan Africa please talk to us.

EAIF mainly supports private sector infrastructure projects to create new or expand existing facilities. We welcome enquiries from companies in Africa and worldwide that want to grow their businesses in sub-Saharan Africa and share our commitment to the continent and its peoples. Enquiries are also welcome from  financial advisers and specilaist consultants.