Uganda: IFC to support refinancing of Bujagali

Issue 355 - 12 Oct 2017
The International Finance Corporation (IFC) intends to provide debt financing of up to $100m to the owner-operator of the 250MW Bujagali hydropower plant to refinance its existing debt. The private sector lending arm of the World Bank Group said on 15 September that it plans to provide an A loan of up to $100m and a B loan of up to $60m towards the estimated $500m required by Bujagali Energy Limited (BEL) to refinance its existing loans and to fund costs associated with the prepayment of existing loans and the refinancing.

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