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Bujagali Energy: An unlikely DFI debt rollover template

In July, Sithe and IPS refinanced the Bujagali hydro project to deliver a cheaper power tariff to the Ugandan government. The process – a rare refinancing for DFIs – also involved a reshuffle of Bujagali’s debt and equity cast. So is this the beginning of a new willingness from DFIs to roll over debt?

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