Monday, October 17, 2011

Uganda to Finance New Renewable Energy Projects

Uganda has jointly established an $8.6-million fund with the World Bank to help finance new power projects in the country. The fund will be managed by the Uganda Energy Credit Capitalization Co. (UECCC) to help accrue more private participation through loans for electricity generation projects.

These projects include mini hydropower schemes of up to 1 MW, solar plants, and other various renewable energy schemes. The country will need a capital infusion of about $7.2 million with a further $1.44 million in the future from financiers.

Source: Alternative Energy Africa
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