India to finance construction of Uganda’s 100-MW Isimba

Uganda’s high commissioner to India reports India has approved a US$350 million line of credit to Uganda for construction of the 100-MW Isimba hydroelectric project on the Nile River.

Uganda’s state-owned New Vision newspaper said Commissioner Nimisha Madhvani made the announcement at an India-Africa conference in New Delhi in March.

Madhvani said the project would be built by India’s Bharat Heavy Electricals Ltd. (BHEL) at Isimba Falls. She said the Uganda government soon would make a full report on the plan.

State government Minister Hope Mwesigye said BHEL is to begin a feasibility study to determine the exact capacity of Isimba, currently estimated to be 100 MW, New Vision said.

Uganda President Yoweri Museveni delivered a new year address in January, saying Isimba would be built in the medium term. (HNN 1/15/08) Last year, it was reported the Indian government is to finance construction of Uganda’s 304-MW Ayago North hydroelectric project, also on the Nile. (HNN 2/5/07)

Previous articleMalaysia utility to issue bonds to fund 900-MW Murum
Next articleHR Volume 27 Issue 2

No posts to display