AFRICA EMS MPANGA LIMITED
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 Mpanga Ltd is a company that owns and operates the 18MW run-of-river Mpanga hydropower plant in the West of Uganda. The plant has been in operations since 2011 and managed by a qualified team of Ugandan and Sri Lankan staff. 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.
What is our funding objective?
By providing a Senior Loan to the Mpanga project FMO stimulates SAEMS to continue with their development of renewable energy projects in East Africa. A first example of this is the 9.2 MW run-of-river Nyamwamba project.
Why do we fund this investment?
The Mpanga project closely coincides with FMO's strategy to contribute to clean energy in emerging markets. In addition, FMO catalyzes funds from the Interact Climate Change Facility (ICCF).
- Region
- Africa
- Country
- Uganda
- Sector
- Energy
- Effective date
- 8/28/2015
- Total FMO financing
- USD 5.30 MLN
- Funding
- FMO NV
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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+