Uganda Energy Credit Capitalisation Company
Ugandan state company
From Wikipedia, the free encyclopedia
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]
| Type | Parastatal |
|---|---|
| Industry | Energy, Finance |
| Founded | 2009 |
| Headquarters | Amber 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 |
| Products | Loans, equity partnerships, financial advisory services, credit guarantees, asset finance |
| Total assets | UGX:58.4 billion (US$15.25 million) (June 2022) |
| Owner | Government of Uganda |
| Website | Homepage |
Location
Overview
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
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
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]
