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  eaif@ninetyone.com

  

Nyamwamba

Nyamwamba

Uganda
Uganda
Power
Power
EAIF: $10.6m

Debt to develop, construct and operate 7.8MW greenfield hydro plant in Kasese, Uganda (LDC and FCAS).

 

Expected impact on people

195k consumers are expected to benefit. The largest impact will be felt by users that consume the most power.

 

SDG assessment

7.1 + 7.2 – Access to affordable and reliable renewable energy.

 

Expected impact on planet

Avoid 2k tCO2e per year.

 

SDG assessment

13 – Climate change mitigation.

 

Expected impact wider economy

Large number of businesses are expected to benefit which will in turn create indirect jobs in the economy.

 

SDG assessment

8.5 – Achieve full and productive employment.

 

Market transformation

Challenge: Oversupply can put pressure on the utility to meet capacity-based payments.

Channel: One of the first projects to adopt a new payment structure where the utility will only pay for power purchased. In a situation of oversupply, this can relieve pressure on through reducing the gap between cost of generation and revenues collected.

Outcome: Replication of new payment structure leading to a more resilient cost reflective system.

 

Mobilisation

Mobilised $10.6m from the private sector.

 

Climate risk

Physical: Changes in water flow and availability have been assessed and the risk of landslides and flooding has been considered in the project design.

 

HSES

As part of the due diligence process, 11 HSES enhancement opportunities were identified which are now reflected in the Project Environmental and Social Action Plan (ESAP).

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 specialist consultants.