Business
Uganda and Aga Khan inaugurate Bujagali Hydropower plant, established through a unique public-private partnership
Bujagali Hydropower Plant
(Business Wire) – Completion of project showcases successful public-private partnership for infrastructure development, bringing together the Government of Uganda, Industrial Promotion Services (IPS – the infrastructure and industrial development arm of the Aga Khan Fund for Economic Development) and Blackstone Portfolio Company, Sithe Global.
The 250MW hydropower plant has nearly doubled Uganda’s electricity supply and virtually eliminated power shortages and blackouts.
The total project cost is approximately US$900 million.
Uganda President, Yoweri Kaguta Museveni, today inaugurated the 250MW Bujagali Hydropower Plant in the presence of the Aga Khan and project partners Sithe Global, a company majority owned by a fund managed by Blackstone on behalf of its investors.
The inauguration of the plant took place on the eve of celebrations marking 50 years of Uganda’s independence.
The plant, was jointly funded by Industrial Promotion Services (IPS), the infrastructure and industrial development arm of the Aga Khan Fund for Economic Development, Sithe Global Power LLC (USA), a company majority owned by Blackstone Capital Partners IV, L.P., a fund managed by Blackstone on behalf of its investors, and the Government of Uganda.
It has eliminated Uganda’s previous energy shortage by nearly doubling the country’s effective generation capacity (it currently meets 49 percent of the country’s energy requirements) and provides clean, reliable power at lower costs than existing power generating facilities.
