Klinchenberg

Africa

Region

784.6

Committment (MNOK)

Active

Status

Klinchenberg is a subsidiary of Norfund owned jointly with BII that is the vehicle for Norfund's joint venture with Scatec for hydropower development in Africa. Together with Scatec the company owns a stake in the Bujagali hydropower asset in Uganda, and has a number of hydropower projects under development with local partners in Africa.

detail_image

Key information

Sector:
Clean Energy
Committment (MNOK):
784.6
Year:
2021
Region:
Africa
Country:
Regional
Domicile:
Netherlands
Instrument:
Equity
Status:
Active
Investor:
DIM

Klinchenberg investments

Investee Sector Country
Bujagali Electricity CoUganda

Additionality for Klinchenberg

This investment is particularly additional on the following ambitions:

  • Investing in the poorest countries
  • Investing in the most capital constrained markets
  • Investing in the riskiest markets
  • Investing in the most difficult business environments
  • Investing in high risk instruments
  • Mobilising private investors
  • Improving social and environmental standards
  • Taking an active role in investments