The project aims at the development and construction of the 14MW Kikagati hydro plant. FMO is the lead arranger for the approximately USD 48 mln senior debt tranche. FMO intends to provide 50% itself, and catalyse 50% from Emerging Africa Infrastructure Fund ("EAIF") managed by Investec. The project is expected to have a high development impact. It is the first cross border Independent Power Producer ("IPP") Project between Uganda and Tanzania, which will support the economic development of both countries, especially the underserved regions where the Project is located, and promote further integration of the East African Power Pool. The project is expected to generate around 113 GWh clean energy per year, serving the equivalent of 233,489 people and has an annual avoided GHG rate of 48,506tCO2eq. Half of the electricity generated by the Project will be provided to Tanzania.
Kikagati Power Company Limited (“KPCL”), a special purpose vehicle established to develop, construct and operate a 14MW run-of-river hydro power plant located on the Kagera river in the south west of Uganda (65km south of the city Mbarara).
No contact information provided at the time of disclosure
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism