Bujagali Energy Limited
| Private | |
| Industry |
Electric Power Generation |
| Founded | 2004 |
| Headquarters | Njeru, Uganda |
| Products | Electricity |
| Website | Homepage |
Bujagali Energy Limited (BEL), is an electric energy generating company in Uganda. The company owns and operates Bujagali Power Station, the largest hydropower plant in the country as of July 2014.[1]
Overview
BEL is a single purpose company, formed to develop the 250 megawatt Bujagali Hydropower Station. Under arrangements with the Government of Uganda (GOU), BEL owns and operates the power plant for 30 years, starting with commissioning. After the 30 years, BEL will transfer ownership of the station to the GOU for US$1.00. The power generated is sold to Uganda Electricity Transmission Company Limited (UETCL), the Uganda electricity transmitter monopoly. The power purchase agreements were executed between the concerned parties, in December 2005.[2]
Power stations
BEL owns and operates Bujagali Hydroelectric Power Station, a 250 megawatt hydropower station built on the Victoria Nile, at a cost of US$900, between 2007 and 2012.[3]
| No. | Name of Lender | Loan Amount (US$) | Percentage Ownership |
|---|---|---|---|
| 1 | International Finance Corporation[4] | ||
| 2 | African Development Bank | ||
| 3 | European Investment Bank | 130.00[5] | 14.44 |
| 4 | German Investment Corporation | ||
| 5 | KfW of Germany | ||
| 6 | PROPARCO of France | ||
| 7 | French Development Agency | ||
| 8 | Netherlands Development Finance Company | ||
| Total | 900.00 | 100.00 | |
Ownership
The shareholders in BEL are:[6]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Jubilee Investment Company[7] | 25.00 |
| 2 | GOU | |
| 3 | The Blackstone Group | |
| 4 | Aga Khan Fund for Economic Development | |
| Total | 100.00 | |
See also
References
- ↑ Article, . (31 January 2011). "Bujagali Energy Limited: Powering Opportunity". Bus-Ex.Com Quoting Bujagali Energy Limited. Retrieved 19 July 2014.
- ↑ Mwesigye, Shifa (8 August 2013). "One Year On: Bujagali Doubles Power Supply". The Observer (Uganda). Retrieved 19 July 2014.
- ↑ Press, Release (8 October 2012). "Ugandan President Museveni And Aga Khan Inaugurate Bujagali Hydropower Plant". The Blackstone Group. Retrieved 19 July 2014.
- ↑ IFC, . (20 December 2006). "Bujagali Energy Limited: Summary of Proposed Investment". International Finance Company (IFC). Retrieved 19 July 2014.
- ↑ EIB, . (2 July 2007). "Bujagali Hydroelectric Project, Uganda". European Investment Bank(EIB). Retrieved 19 July 2014.
- ↑ Juma, Victor (23 May 2014). "Jubilee Wins 30-Year Pact to Operate Bujagali". Daily Monitor. Retrieved 23 May 2014.
- ↑ "Jubilee Insurance 2009 Annual Report" (PDF). Jubilee Insurance. December 31, 2009. Retrieved December 29, 2014.
External links
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Coordinates: 00°19′59″N 33°07′43″E / 0.33306°N 33.12861°E