News flash
- The Emerging Africa & Asia Infrastructure Fund (EAAIF) has brought a 20 MW solar photovoltaic (PV) plant in north-western Uganda to financial close, investing c. USD 18 million in the project.
The investment will support AMEA Power to develop critical infrastructure which will bring affordable energy to one of the most remote and underserved areas of the country. The project will help the region plug a significant gap between energy supply and demand, supporting remote communities and businesses to overcome frequent load shedding and blackouts.
Aqueel Bohra, Chief Investment Officer, AMEA Power said, “AMEA Power is committed to delivering this milestone transaction, our first project in East Africa, which marks the beginning of a series of strategic initiatives in the region. Once commissioned, it will be the first and largest utility-scale grid-connected solar PV project in the West Nile Region. By leveraging both local insights and international expertise, we are dedicated to delivering this impactful project that will shape the future of the country and support its industrial and economic development.”
Author: Bryan Groenendaal
