Lubilia Kawembe Hydropower Project

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Lubilia Kawembe Hydropower Project envisages the development of a 5.4 MW run-of-river hydro power plant on river Lubilia, around the village of Kawembe in the foothills of the Rwenzori mountains in Western Uganda. It will serve the equivalent of 256,000 people via generation. The project will be executed through a SPV - Lubilia Kawembe Hydro Ltd, which is majority owned by Frontier Market Energy & Carbon Fund at 98 per cent and Cacl Consulting with 2 per cent. The project is developed under the KfW led GET FiT facility, which is a dedicated support scheme for renewable energy projects managed by Germany’s KfW Development Bank in partnership with the Government of Uganda through the Electricity Regulatory Agency (ERA). It is funded by the European Union Infrastructure Trust Fund, and is also supported by the Governments of Norway, Germany and the United Kingdom. Financial close took place in June 2016. Financing comprises $10.2 million term loan arranged by FMO and $5.5 million sponsors' equity. FMO was mandated lead arranger of the debt financing, of which 50% was syndicated to the Emerging Africa Infrastructure Fund. Dealogic https://ijglobal.com/articles/100331/frontier-signs-on-debt-for-lubilia-hydro-in-uganda https://books.google.bg/books?id=76AeDAAAQBAJ&pg=PA314&lpg=PA314&dq=lubilia+build+own+operate&source=bl&ots=JAZjYryRdY&sig=02VG4r2jI086EaxAaNSJuMG264I&hl=en&sa=X&ved=0ahUKEwjDnbCF1-nSAhWJoRQKHYcPDUEQ6AEIKzAD#v=onepage&q=lubilia%20build%20own%20operate&f=false https://www.fmo.nl/news-detail/bab8d898-8b98-4192-9a6c-641bdb936ba2/fmo-enhances-renewable-energy-provision-in-uganda Concept Agrotech Consultants Ltd: Sponsor