FMO underwrites $39m facility for Ugandan hydro projects

The Dutch development bank FMO has organised a debt facility for the 16MW Rand and 6MW Nyamagasani run-of-river hydro projects in Western Uganda. The Rwenzori Hydro and Nyamagasani 2 HPP project companies are majority owned by funds managed by Danish private equity fund manager Frontier Energy and are developed under the GET FiT scheme run by KfW Development Bank

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