Rwimi EP Company

Debt : July 2015

The Rwimi project is a small hydro power located in Western Uganda.

Amount

€ 9,426,443.00

Type of investment

Debt

Development impacts

Local economic growth
Private sector consolidation/innovation
Access to basic services & goods
Fight against climate change and preservation of natural resources
Promotion of ESG best practices

Beneficiary locations

Sub-Saharan Africa: Uganda

Investment field

Infrastructure

Activity

Energy : hydropower

Organisation

Rwimi EP Company

Website

https://ecopowerholdings.com/projects-world/#hash0

Domicile

Uganda

The project has been developed by Eco Power Holding Ltd, a Sri Lankan company with 10 small hydro power plants in operations in Sri Lanka and another one in Uganda commissioned in 2011 (Ishasha). The energy offtaker will be the national transmission company, UETCL (Ugandan Energy Transmission Company Ltd).

Since the early 2000’s, Uganda has a positive experience with Independent Power Producers (IPPs) and the government of Uganda has recently developed an efficient initiative favoring the development of small-scale renewable energy private projects. This GETFiT program is funded by international donors under the coordination of KfW and proposes a top-up payment on the standard Feed-in-Tariffs agreed by the Ugandan government. The Rwimi project is one of 7 projects to have been selected by the GETFiT program.

Development impacts

Local economic growth
Commercial and industrial enterprises consume two-thirds of the electricity in Uganda and electricity supply is seen as one of the most important factors affecting business of large, medium and small enterprises.
Private sector consolidation/innovation
The additional energy will indirectly contribute to the Uganda growth rate and further expansion of the energy national grid in underserved regions.
Access to basic services & goods
Energy (28 gwh/year)
Fight against climate change and preservation of natural resources
The renewable energy will limit the CO2 emissions of the country by approximately 17,000 tons.
Promotion of ESG best practices
Very stringent standards in place - efforts led by Norfund.

View more of our investments in this region

Financial Institutions

The Currency Exchange Fund n.v.

7,091,000.00

Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

05/09/2007

Equity