SN Power completes investment in Bujagali hydropower project
Aerial view of the Bujagali Hydropower Project, Uganda.
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Article Author: SN Power completes investment in Bujagali hydropower project
Media Source: Oil & Gas 360° (USA)
Date: 25 July 2018
Jinja, Uganda - A Norwegian hydropower company and SG Bujagali Holdings, Ltd ("SGBH"), today announced the completion of the acquisition of SGBH's partial interest by SN Power in Bujagali Energy Limited ("BEL"), owner of the Bujagali Hydropower Project ("Bujagali"). The roughly two-thirds stake in the project has been acquired for…
Jinja, Uganda - A Norwegian hydropower company and SG Bujagali Holdings, Ltd ("SGBH"), today announced the completion of the acquisition of SGBH's partial interest by SN Power in Bujagali Energy Limited ("BEL"), owner of the Bujagali Hydropower Project ("Bujagali"). The roughly two-thirds stake in the project has been acquired for approximately US$ 277 million. Bujagali, a 250 MW hydropower facility located near Jinja, Uganda will continue to be operated by BEL. BEL's other shareholders are affiliates of the Aga Khan Fund for Economic Development ("AKFED") and the Government of Uganda ("GOU"), both of which will retain their interests in Bujagali.