Featured

Uganda has become the first African country to de-risk small and medium scale renewables by signing an agreement with the Regional Liquidity Support Facility (RLSF). RLSF is a joint initiative of the African Trade Insurance Agency (ATI) and pan-African multilateral guarantor KfW, with funding from German Ministry of Economic Co-operation and Development.

Uganda de risks renewablesUnder the program, RLSF will offer protection to new small and mid-sized renewable energy projects (up to 50 MW) in sub-Saharan Africa. The RLSF has an initial capacity equivalent to $74 million and will protect Independent Power Producers (IPPs) against the risk of delayed payments by public off-takers.

This type of guarantee is a common requirement from the banks that fund the projects. Many projects have failed in the past to access funding because this guarantee was not available. Under the RLSF program all renewable IPPs that have not reached financial close, as well as new IPPs can apply for the product.

Uganda is seen as an ideal market for this initiative based on the relatively high number of viable Independent Power Producers (IPPs). The country has also benefited from the GET FiT program, which is an existing energy-sector initiative managed by KfW on behalf of the Government of Uganda, which supports countries to develop standardised documentation for power projects as well as an enabling regulatory framework for IPPs.

“Uganda has a solid history of supporting our public concession with upwards of $500 million spent in the last decade on improvements to the grid. With this agreement, we see RLSF providing a perfect complement to our on-going strategy of accelerating the delivery of clean energy to the national grid,” Matia Kasaija, Uganda’s Minister of Finance, Planning and Economic Development, said at the signing ceremony.

“RLSF is a tool that can ensure more renewable energy projects reach financial close. For Africa, small and mid-sized projects may be a better fit to the current environment requiring less financing and they can be implemented much quicker. This could be a model that works in many other African markets that may just pave the way for an expansion of the facility or other such initiatives,” said George Otieno, ATI’s Chief Executive Officer.

“The World Bank estimates that the continent needs to generate annual capacity of 7,000 MW but such a ramp-up in generation capacity cannot be achieved without private sector participation. The RLSF, as a pragmatic option, could therefore become a more widely used solution to solve Africa’s energy deficit challenge.”

Image credit: http://www.finance.go.ug/mofped/top-management

Magazines

African Fusion

AfricanFusionAfrican Fusion, the official publication of the Southern African Institute of Welding (SAIW), aims to provide up-to-date insight into welding technology and the welding industry.

Capital Equipment News

Capital Equipment News is dedicated to the application of equipment and modes of transport that are used in the mining, construction, quarrying, and transport industries.

Construction World

ConstructionWorldConstruction World was first published in 1982 and has grown to become a leader in its field, offering a unique mix of editorial coverage to satisfy the diverse needs of its readers.

Electricity + Control

ElectricityandControlE + C publishes innovative, technical articles that provide solutions to engineering challenges in measurement, automation, control, and energy management.

Lighting in Design

LightingandDesignLighting in Design is a glossy, upmarket publication aimed at lighting professionals. It is the only B2B magazine in SA that is dedicated solely to the subject of lighting.

MechChem Africa

MechChemJanuary2017cover MechChem Africa supports African engineering and technical managers across the full spectrum of chemical and mechanical disciplines.

Modern Mining

ModernMiningEstablished in 2005, Modern Mining is one of SA's leading monthly mining magazines, noted for the quality and accuracy of its writing and the breadth of its coverage.

Modern Quarrying

ModernQuarryingModern Quarrying is firmly entrenched as a leading industry-specific magazine. It focuses on promoting the science and practice of quarrying and processing in southern Africa.

Sparks Electrical News

SparksElectricalNewsReadable and informative, Sparks Electrical News is the newspaper for those involved in installing and maintaining electrical supplies and equipment.

 
Full Name*
Invalid Input

Company Name*
Invalid Input

Your Email*
Invalid Input

Phone*
Invalid Input

Postal Address 1*
Invalid Input

Postal Address 2*
Invalid Input

Postal Code*
Invalid Input

Street Address 1
Invalid Input

Street Address 2
Invalid Input

Postal Code
Invalid Input

Town / City*
Invalid Input

Country*
Invalid Input

Magazine

Invalid Input

Invalid Input