Sithe Global and IPS establish a New Hydroelectric Station in Uganda

Via Yahoo Finance and FOX Business.

NEW YORK–(BUSINESS WIRE)–Sithe Global Power, LLC, through its special purpose affiliate SG Bujagali Holdings, Ltd., (collectively, “Sithe Global”) announced today with its partner, Industrial Promotion Services (K) (“IPS”), an affiliate of the Aga Khan Fund for African Development (“AKFED”), that their jointly owned special purpose company, Bujagali Energy Limited (“BEL”), a Ugandan company, has closed financing on a USD 682MM construction debt facility for the 250 MW Bujagali hydroelectric station located on the Nile River in Uganda, Africa.

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Author: ismailimail

Independent, civil society media featuring Ismaili Muslim community, inter and intra faith endeavors, achievements and humanitarian works.

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