Kikagati Power Company Ltd
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Kikagati Hydro is an existing FMO client, responsible for the construction and operation of a 14MW Hydropower project in Uganda.
What is our funding objective?
To fund a genetic study to understand the current situation of the genetic population structure and extent of the variations among the Labeo Victorianus populations in Lake Victoria and along the Kikagati hydropower operation area in the Kagera river system.
Why do we fund this investment?
Since 2015, the Labeo Victorianus species has been described as a critically endangered and is on the red list of IUCN. Present populations are reported to exist in the Kikagati hydropower operation area. The findings of the funded study will help the client enhance the species conservation strategies and assist them towards compliance with IFC PS6: The results will be available online, accessible by the public, and used as a benchmark to inform similar hydropower project designs and operations in the region.
More investments
| Date | Total FMO financing |
|---|---|
| 2/14/2019 | USD 26.80 MLN |
- Website customer/investment
- http://www.berkley-energy.com
- Region
- Africa
- Country
- Uganda
- Sector
- Energy
- Publication date
- 12/27/2022
- Effective date
- 12/14/2022
- Total FMO financing
- EUR 0.03 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A