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12 December 2016

Uganda’s energy minister attends formal opening of his country’s largest solar farm

“Great benefits for this rural area” says EAIF’s Oscar Kang’oro

The Hon. D’Ujanga Simon, Uganda’s Minister of State for Energy, today (12th December) took part in a ceremony to mark the opening of his country’s largest solar farm, at Soroti in Eastern Uganda. The Emerging Africa Infrastructure Fund (EAIF) is one of the principal lenders to Access Soroti Ltd, the private sector company that built and is operating the plant. Electricity production began at the 10MW facility in late November.

Oscar Kang’oro, a Non-Executive Director of the Emerging Africa Infrastructure Fund, said that EAIF is supporting solar and small hydro power projects across Uganda.

“EAIF is fully engaged in Uganda and currently supporting eight renewable energy projects, including at Soroti. We see great benefits from small and renewable generating capacity, particularly in rural and semi-rural areas. New generating capacity can unlock economic potential, create new economic development opportunities, grow the productivity of public services and improve energy security. Most importantly, the arrival in a district of more dependable and more affordable electricity can transform and enhance the lives of many thousands of men, women and children.”

Made up of 32,680 of photovoltaic panels, the new facility is the country’s first grid-connected solar plant and will generate clean, low-carbon, sustainable electricity to 40,000 homes, schools and businesses in the area.

The plant will benefit from the GETFiT programme of tariff support, which is managed by KfW Development Bank and supported by the EU and the governments of Germany, Norway and the UK.

To read the full official press release on the formal opening of the Access Soroti solar farm follow the link below.
http://access-power.com/east-africas-largest-solar-plant-starts-operations/

July 2017

Emerging Africa Infrastructure Fund and FMO provide US$29.3 million to refinance the Bugoye hydro-electric power station in Uganda

• EAIF and Dutch development bank FMO each lending 50%
• EAIF Mandated Lead Arranger
• Refinancing also facilitates building new generating capacity
• Refinancing also facilitates building new generating capacity

June 2017

EAIF backs upgrades and expansion at two Madagascar airports, following private sector company Ravinala Airports winning management concession

First airport infrastructure project for EAIF "A step change for Madagascar’s economic development drive", says EAIF chairman

Two airports in Madagascar are to have their runways, passenger terminal facilities and allied infrastructure upgraded and expanded in a EUR 215 million project being supported by the Emerging Africa Infrastructure Fund (EAIF / the Fund). The Fund is providing senior debt of EUR 25 million over a 16-year term.

June 2017

Life-changing infrastructure helps 31m people in Africa and Asia

The Private Infrastructure Development Group opened up access to life-changing infrastructure designed to boost economies and combat poverty for 31 million people, last year.

June 2017

Emerging Africa Infrastructure Fund announces first project in Mali

90MW power station to increase Mali’s effective base load electricity by 30%

The private sector Malian power plant operator, Albatros Energie Mali (AEM), is to build a 90MW HFO-fueled power station in the Kayes region of the country, adding 30% to Mali’s effective base load electricity capacity. The €123.1 million project has the support of a €5.8 million 15-year term conventional loan and €3.9 million Sha’ria financing facility with a 14-year term, both from the Emerging Africa Infrastructure Fund. It is the Fund’s first project in Mali.

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