The Ugandan government has signed an agreement with Gridworks that will see the British government-owned developer and financier provide up to $90m of equity funding to upgrade four key substations. A key goal of the upgrades is to increase the grid’s ability to supply large industrial offtakers and export power to Kenya and DR Congo. Gridworks said the project was “one of the only privately financed” transmission developments in sub-Saharan Africa so far.
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