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Rwimi Small Hydro Power Plant

Rwimi SHPP is a small hydro power project that will be developed in western Uganda near the city of Kasese by Eco Power Holding ltd., an experienced Sri Lankan hydro power developer. Norfund is partnering with the Belgian Investment Company for Developing countries (BIO) to support and provide loans for the development of this small hydro power station. Eco Power is contributing with the equity financing.

Rwimi SHPP is a 5.6 MW greenfield project with 2 turbines expected to generate a total of 28 GWh per year. The Ugandan national transmission company UETCL will buy the energy generated by the project. Rwimi is an illustration of South-South collaboration, with a Sri Lankan company expanding its operations in Eastern Africa, with the support of Norfund’s and BIO's financing.

Unreliable electricity supply is considered one of the most critical factors for large, medium and small enterprises in Uganda.  The clean energy produced by Rwimi SHPP will be bought by the Ugandan national transmission company UETCL and secure more stable electricity supply for consumers and commercial and industrial enterprises in Uganda. These enterprises consume today two-thirds of the electricity in the country.

The project was selected for the GET Fit Ugandan program that facilitates development of small-scale renewable energy private projects. GET Fit provides a subsidy payable on top of the standard feed-in-tariffs as defined by the Ugandan regulator. It is supported by international donors under the lead of the German development bank, KfW.

 

Facts

  • Company: Rwimi Small Hydro Power Plant
  • Sector: Clean Energy
  • Investment year: 2015
  • Instrument: Loan
  • Committed amount (MNOK): 3,9