Nyagak III Hydro Power

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Genmax Nyagak Limited, Special Purpose Vehicle (SPV) formed between UEGCL and the procured Private Sector Partner, a consortium of Hydromax Limited and Dott Services Limited will develop Nyagak III Hydro Power project. The project is located along Nyagak River in Zombo District. It will generate 5.5 MW of electricity that will be sold at an affordable price to over 8,500 households in the region. The Uganda Electricity Generation Company Limited (UEGCL) signed the agreement on behalf of government with German based GOPA-International Energy Consultants GmbH in association with Italian based Zollet Ingegneria as owner's engineer for the project. The project has got support from the German government through KfW Development who has given a grant of 8 million Euros ($8.9 million)to the project of which 2 million Euros ($2.2 million) is to cover the consultancy and transaction advisory costs and the balance of 6 million Euros ($6.7 million) to cover part of the construction costs. Nyagak III is one of the projects being supported under the program “Efficient and Sustainable Energy Supply in Uganda” developed by the Government of Uganda (GOU) through the Ministry of Energy and Mineral Development (MEMD) with the support of the German Government. The new hydro power plant is expected to commence operation by 2018. http://www.newvision.co.ug/new_vision/news/1411151/construction-agreement-nyagak-iii-hydro-power-signed http://www.finance.go.ug/dmdocuments/BMAU%20SEMI-ANNUAL%20REPORT%202015-16.pdf http://uegcl.com/Projects/nyagak-iii-small-hydro-power-plant-4-4mw/ Special Purpose Vehicle (SPV) (GenmaxNyagak Limited) formed between UEGCL and the procured Private Sector Partner, a consortium of Hydromax Limited and Dott Services Limited.