AFRICA EMS NYAMWAMBA LTD
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
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
EMS Africa Nyamwamba Ltd is a company that aims to develop, own and operate the 9.2MW run-of-river Nyamwamba hydropower plant in the West of Uganda. Main shareholder is South Asia Energy Management Systems (SAEMS), who successfully developed, constructed and sold a portfolio of 10 run-of-river hydroplants in Sri Lanka. In addition, SAEMS owns and operates the successful Mpanga project.
What is our funding objective?
By providing a Senior loan as well as a Subordinated loan to the Nyamwamba project, FMO enables SAEMS to begin construction of the hydropower plant. FMO stimulates SAEMS to continue with their development of renewable energy projects in East Africa.
Why do we fund this investment?
The Nyamwamba project closely coincides with FMO’s strategy to contribute to clean energy projects in emerging markets. In line with this strategy, FMO also catalyzes funds from the Interact Climate Change Facility (ICCF).
More investments
| Date | Total FMO financing |
|---|---|
| 8/28/2015 | USD 8.00 MLN |
- Region
- Africa
- Country
- Uganda
- Sector
- Energy
- Effective date
- 8/28/2015
- Total FMO financing
- USD 5.00 MLN
- Funding
- AEF-I
-
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) - B+