| Type | Private |
|---|---|
| Industry | Electric power generation |
| Founded | 2004 |
| Headquarters | Njeru, Uganda |
Key people | Alaister McDougall CEO [1] |
| Products | Electricity |
| Website | www.bujagali-energy.com |
Bujagali Energy Limited (BEL), is an electric energy generating company in Uganda. The company owns and operates the Bujagali Power Station, which was the largest hydropower plant in the country as of July 2014. [2]
BEL is a single purpose company, formed to develop the 250 megawatt Bujagali Hydropower Station. Under arrangements with the government of Uganda (GOU), BEL owns and operates the power plant for 30 years, starting with commissioning. After the 30 years, BEL will transfer ownership of the station to the GOU for US$1.00. The power generated is sold to the Uganda Electricity Transmission Company Limited, the Uganda electricity transmitter monopoly. The power purchase agreements were executed between the concerned parties, in December 2005. [3]
BEL owns and operates the Bujagali Hydroelectric Power Station, a 250 megawatt hydropower station built on the Victoria Nile at a cost of US$900 million between 2007 and 2012. [4]
As of September 2016, the shareholders in BEL were as listed in the table below. [5] In May 2018, the Daily Nation newspaper reported that Jubilee Holdings Limited was set to invest an additional KSh4.4 billion (US$44 million) the business, in addition to the KSh5.5 billion (US$55 million) that it had already invested. [6] In August 2018, Sithe Global Power of the United States, exited the company and SN Power AS, of Norway acquired shareholding in the business. [7] After the exit of Sithe Global Power in 2018, the shareholding was adjusted as reflected in the table below. [8] SN Power AS was acquired by Scatec along with its assets on 29 January 2021. [9]
| Rank | Name of Owner | % Ownership in 2018 | % Ownership in 2020 |
|---|---|---|---|
| 1 | Jubilee Investment Company [10] | 8.80 [11] | 18.24 [8] |
| 2 | Government of Uganda [5] | 10.00 | 10.00 |
| 3 | Scatec (formerly SN Power AS) [9] | 64.89 [7] | 55.45 [8] |
| 4 | Aga Khan Fund for Economic Development [5] | 16.31 | 16.31 |
| Total | 100.0 | 100.0 | |
The following entities contributed funds to build the power station. As of July 2019, the restructured debt package was approximately US$500 million, with IFC contributing about US$100 million to the total new loan package. [11]
| No. | Name of Lender | Loan Amount (US$) | Percentage Ownership |
|---|---|---|---|
| 1 | International Finance Corporation [12] | 100 [11] | 20.0 |
| 2 | African Development Bank | ||
| 3 | European Investment Bank | ||
| 4 | German Investment Corporation | ||
| 5 | KfW of Germany | ||
| 6 | PROPARCO of France | ||
| 7 | French Development Agency | ||
| 8 | Netherlands Development Finance Company | ||
| Total | 500.00 | 100.00 | |
In December 2017, the Ugandan government reached consensus with the power station's financiers on restructuring the loans and waiving taxes on the power generated, to enable the cost of power to the consumer to reduce. [13] In July 2018, with about US$450 million of the US$900 million construction loan repaid, the remaining loan was restructured and extended for another 15 years, thereby lowering the loan payments and related electricity tariffs to as low as US$0.08 per unit, for large industrial customers. [11] The new lower electricity rates were expected to commence in July 2018. [14]
Nalubaale Power Station, formerly known as Owen Falls Dam, is a hydroelectric power station across the White Nile near its source at Lake Victoria in Uganda. Nalubaale is the Luganda name for Lake Victoria.
Burning of renewable resources provides approximately 90 percent of the energy in Uganda, though the government is attempting to become energy self-sufficient. While much of the hydroelectric potential of the country is untapped, the government decision to expedite the creation of domestic petroleum capacity coupled with the discovery of large petroleum reserves holds the promise of a significant change in Uganda's status as an energy-importing country.
The Jubilee Insurance Company of Kenya (JICK), mostly known as Jubilee Insurance, is an insurance company in Kenya, which has the largest economy in the East African Community. It is a wholly owned subsidiary of Jubilee Holdings Limited, a multinational insurance holding company, which maintains its headquarters in Nairobi, the capital of Kenya, with subsidiaries in Kenya, Tanzania, Uganda, Burundi, and Mauritius, with plans to expand on the African continent.
Umeme Limited is the largest energy distributor in Uganda, distributing about 97 percent of all electricity used in the country. The shares of the stock of the company are listed on the Uganda Securities Exchange (USE) and are cross listed on the Nairobi Stock Exchange (NSE). As of December 2021, the company's total assets were approximately UGX:2.664 trillion, with shareholders' equity of approximately UGX:893.15 billion.
The Bujagali Power Station is a hydroelectric power station across the Victoria Nile that harnesses the energy of its namesake; the Bujagali Falls, in Uganda. Construction began in 2007 and concluded in 2012. It was officially inaugurated on 8 October 2012 by Ugandan President Yoweri Museveni and Aga Khan IV in the presence of African politicians and investors.
The Karuma Hydroelectric Power Station is a 600 MW hydroelectric power project under construction in Uganda. When completed, it will be the largest power-generating installation in the country.
Isimba Hydroelectric Power Station is a 183.2 megawatts (245,700 hp) hydroelectric power station commissioned on 21 March 2019 in Uganda. Construction of this dam began in April 2015 and was completed in January 2019. Commercial operations began on 21 March 2019.
The Muzizi Power Station is a proposed 45 megawatts (60,000 hp) hydroelectric power project in Uganda. The project, which has been planned for several years, has received a funding commitment from KfW and the French Development Agency.
Kikagati Hydroelectric Power Station, also referred to as Kikagati Power Station, is a 15.57 MW (20,880 hp) hydroelectric power station, in Uganda.
Nyagak III Power Station is a 6.6 megawatts (8,900 hp) mini hydroelectric power project, under construction in Uganda.
Nyamwamba I Hydroelectric Power Station, also referred to as Nyamwamba I Power Station, is a 9.2 megawatts mini-hydroelectric power station in Uganda.
Jubilee Holdings Limited is a financial services holding company, with its headquarters in Nairobi, Kenya. The company maintains subsidiaries in Kenya, Uganda, Tanzania, Burundi, and Mauritius. Its activities are mainly in the insurance sector.
Amu Power Company is a power generation company based in Nairobi, Kenya.
Akiira Geothermal Limited (AGL), is an electric energy generating company in Kenya. The company owns and will build and operate Akiira One Geothermal Power Station, a proposed 70 MW (94,000 hp), power station in Kenya.
Bujagali–Tororo–Lessos High Voltage Power Line is a high voltage electricity power line, under construction, connecting the high voltage substation at Bujagali, in Uganda to another high voltage substation at Lessos, in Kenya.
Suswa–Isinya–Rabai High Voltage Power Line is an operational high voltage electricity power line connecting the high voltage substation at Suswa, Kenya to another high voltage substation at Rabai, Kenya.
The Mpatamanga Hydro Power Project, is a 361MW hydroelectric generating project under developpement at Mpatamanga on the Shire River, in Malawi
The Eastern Africa Power Pool (EAPP), is a collaborative effort by eleven countries in Eastern Africa to interconnect their electricity grids and take advantage of excess capacity within the network and facilitate trade of electric power between the members.
Nyamwamba II Hydroelectric Power Station, is a 7.8 megawatts mini-hydroelectric power station, that was commercially commissioned in March 2022 in Uganda. The run of river mini-hydroelectric installation is owned and was developed, between October 2019 and March 2022, by Serengeti Energy Limited, a Kenyan independent power producer (IPP), which was formerly called responsAbility Renewable Energy Holding (rAREH). The energy generated here is sold directly to the Ugandan electricity transmission parastatal company, Uganda Electricity Transmission Company Limited (UETCL), under a 20-year power purchase agreement (PPA). The power is integrated into the Ugandan national electric grid.
{{cite web}}: CS1 maint: numeric names: authors list (link)Capital: Buikwe | ||
| Towns and villages |  | |
| Geography | ||
| Economy |
| |
| Energy | ||
| Notable landmarks |
| |
| Health | ||
| Transport | ||
| Education | ||
| Notable people | ||
