Butama Hydroelectric plant

Active

Prospective

Sindila Hydro is a 5.25 MW run-of-river hydropower project located on the Sindila River in the Bundibugyo district in western Uganda. Butama Hydro-Electricity Company Limited is the project company which will undertake the project. The project benefits from a 20-year power purchase agreement with the Uganda Electricity Transmission Company Limited, supported by an implementation agreement with the Government of Uganda. Sindila has also benefited from the highly respected GETFiT Programme in Uganda, which is partnership between the German development bank, KfW, and the Ugandan Government. The shareholder consortium is led by Lereko Metier Sustainable Capital (LMSC) (at 87%) and includes the original developer, KMRI LLC USA; WK Power (WK) and Fieldstone Africa Investment Resources (FAIR). This is a greenfield project launched under a BOO basis. Financial closure was achieved on 30 January 2017 and construction started shortly after. Overseas Private Investment Corporation provided $13.6 million debt financing with two years grace period and 17.5 years repayment. Total investment is estimated to be around $19.3 million. Given the debt financing provided, sponsors will need to contribute around $5.7 million. This equation gives a 70:30 debt to equity ratio. The plant is expected to generate electricity in September 2018. https://ijglobal.com/data/transaction/38022/butama-hydroelectric-power-plant-525mw http://www.avca-africa.org/media/1679/sindila_pressrelease.pdf https://www.lereko.co.za/investment-activities/lereko-metier-sustainable-capital-fund/ https://www.opic.gov/sites/default/files/files/9000032313.pdf Norton Rose Fulbright H1 2017 Submission Investment amount taken from OPIC documentation relating to debt

Energy

World Bank Group

Project

Commercial, Power Generation (CCGT), Hydro, Government