Wikipedia

Uganda Energy Credit Capitalisation Company

The Uganda Energy Credit Capitalisation Company (UECCC) is a company owned by the government of Uganda. It is responsible for coordinating funding from the Ugandan government, international development partners and the private sector, to invest in renewable energy infrastructure in Uganda, with emphasis on the promotion of private sector participation.[3]

Uganda Energy Credit Capitalisation Company (UECCC)
Company typeParastatal
IndustryEnergy, Finance
Founded2009; 15 years ago (2009)
HeadquartersAmber House, 3rd Floor
29-33 Kampala Road
Kampala, Uganda
Key people
Ramathan Ggoobi
Chairman[1]
Roy Nyamutale Baguma[2]
Managing Director and Chief Executive Officer
ProductsLoans, equity partnerships, financial advisory services, credit guarantees, asset finance
Total assetsUGX:58.4 billion (US$15.25 million) (June 2022)
OwnerGovernment of Uganda
WebsiteHomepage

Location

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UECCC's headquarters is located in Amber House, at 29-33 Kampala Road, in the centre of Kampala, Uganda's capital and largest city.[3] The coordinates of the company headquarters are 00°18'48.0"N, 32°34'55.0"E (Latitude:0.313340; Longitude:32.581949).[4]

Overview

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The company was established in 2009 and coordinates investment into renewable energy sources in the country.[5] The company offers technical, financial, and advisory services to the lending financial institution and to the renewable energy project developer. Services offered include the following:[6] (a) Liquidity refinance option (b) Cash reserving (c) Partial risk guarantee (d) Solar refinance facility to participating microfinance institutions (e) Bridge financing facility (f) Subordinated debt finance (g) Interest rate buy down and (h) Transaction advisory services.[6] Participating international development partners include the World Bank[7] and KfW.[8]

Ownership

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The company is jointly owned by the Uganda Ministry of Energy and Mineral Development and the Uganda Ministry of Finance, Planning and Economic Development. As of June 2022, the company's total assets were USh58.4 billion (US$15.257 million). At that time the company was involved in developing nine mini-hydroelectric power stations in the country, that were yet to come online.[9]

Developments

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In July 2024, UECCC signed contracts for the construction of the ORIO Mini Hydropower Project, in the Western Region of Uganda. The project involves the construction of 9 mini-grid dams with total capacity of 6.7 MW. The project will benefit up to 71,081 households and 2,300 small and medium enterprises (SMEs) in the districts of Kasese, Bushenyi, Mitooma, Hoima, Kabarole, Bunyangabu and Bundibugyo. The construction is budgeted at USh53.3 billion (approx. US$14.4 million).[10][11]

HNAC Technology Company Limited from China will be responsible for the civil and hydro-mechanical works. Ossberger GmbH from Germany will be responsible for the design, manufacture, supply, and installation of the electromechanical components. The project is co-financed by the Government of Uganda and the ORIO Infrastructure Fund. The government of the Netherlands provided a grant of €13.1 million towards this project.[10][11]

See also

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References

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  1. ^ UECCC (5 April 2024). "Members of the Board of Uganda Energy Credit Capitalization Company". Uganda Energy Credit Capitalization Company (UECCC). Kampala, Uganda. Retrieved 5 April 2024.
  2. ^ Apollo Mubiru (4 April 2024). "Baguma Appointed New UECCC Managing Director". New Vision. Kampala, Uganda. Retrieved 5 April 2024.
  3. ^ a b UECCC (30 August 2016). "About Uganda Energy Credit Capitalisation Company". Uganda Energy Credit Capitalisation Company (UECCC). Retrieved 30 August 2016.
  4. ^ "Location of the Headquarters of Uganda Energy Credit Capitalisation Company" (Map). Google Maps. Retrieved 30 August 2016.
  5. ^ TEUT (2 October 2012). "Uganda Energy Credit Capitalisation Company: Reliable Local Partner for Renewable-Energy Projects". The European Times (TEUT). Retrieved 30 August 2016.
  6. ^ a b UECCC (20 August 2016). "Uganda Energy Credit Capitalisation Company: Products & Services". Kampala: Uganda Energy Credit Capitalisation Company (UECCC). Retrieved 30 August 2016.
  7. ^ Advertisement. "Uganda Energy Credit Capitalisation Company: Pre-Qualification of Solar Companies & Dealers To Supply and Install Solar Photo-Voltaic (PV) Systems Under UECCC Programmes" (PDF). New Vision. Kampala. Retrieved 30 August 2016.
  8. ^ Advertisement (19 November 2012). "Consultancy Firm to Provide Early Stage Transaction Services to Independent Power Producers" (PDF). Daily Monitor. Kampala. Retrieved 30 August 2016.
  9. ^ Rainher Ojon (9 July 2019). "Nine mini hydro dams in the pipeline - UECCC". Daily Monitor. Kampala. Retrieved 15 June 2020.
  10. ^ a b Nile Post (28 July 2024). "UECCC signs contract for the construction of 9 dams to boost rural access to electricity". Nile Post Uganda. Kampala, Uganda. Retrieved 29 July 2024.
  11. ^ a b Justus Lyatuu (8 August 2024). "Shs53.3b contracts for 6.7MW electricity project signed". Daily Monitor. Kampala, Uganda. Retrieved 9 August 2024.
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00°18′48″N 32°34′55″E / 0.31333°N 32.58194°E / 0.31333; 32.58194

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