Uganda: SN Power buys Sithe Global stake in Bujagali

Issue 322 - 29 Apr 2016
Norwegian state-owned SN Power has agreed to buy SG Bujagali Holdings (SGBH)’s stake in the 250MW Bujagali dam. The hydro plant is operated by Bujagali Energy Ltd, which is owned by the Aga Khan Fund for Economic Development, SGBH and the government of Uganda. The other shareholdings will remain unchanged. Sithe Global affiliate SGBH is a Mauritian company indirectly owned by investment funds managed by Blackstone.

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