Ituka solar PV project

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The project involves the construction of the 20 MW Ituka solar PV plant located in Ombachi, north-western Uganda. It aims to provide clean and affordable energy supporting Sustainable Development Goal 7 (affordable and clean energy) and Goal 13 (climate action). AMEA Power, through the SPV "Ituka West Nile Uganda Limited", has entered into a 20-year Implementation Agreement with the Government of Uganda and a corresponding 20-year Power Purchase Agreement with the Uganda Electricity Transmission Company Limited(UETCL). The financing is facilitated by the Emerging Africa Infrastructure Fund (EAIF) through a $19 million loan, and AMEA Power through equity. African Trade and Investment Development Insurance (ATIDI) will support the project via its Regional Liquidity Support Facility by providing payment guarantees for the benefit of the project on behalf of the UETCL. RLSF policy will be in place for an initial tenor of 15 years and will cover up to 6 months’ worth of revenue for the plant. The financial close date is December 5th, 2023. https://www.eaif.com/eaif-commits-c-usd-19-million-senior-secured-debt-for-20mw-solar-pv-power-project-in-north-western-uganda/ https://africanenergycouncil.org/atidi-supports-20mw-solar-project-in-uganda/ https://www.pmldaily.com/business/2023/12/atidi-partners-with-dubai-based-amea-power-on-20-mw-ituka-west-nile-uganda-limited-solar-project.html