Internal sources to fund Bujagali dam
May 03, 2004
THE National Planning Authority (NPA) is working out a new strategy to finance the construction of two new power dams in Bujagaali
THE National Planning Authority (NPA) is working out a new strategy to finance the construction of two new power dams in Bujagaali, setting aside the traditional project financing model by the World Bank, reports Milton Olupot.
Energy and rural development minister Syda Bbumba yesterday said, “We can no longer look so much outside our pockets for the energy development strategy. We have to plan other sources of financing.â€
Bbumba said this at a workshop for stakeholders at a consultative meeting on the proposed national energy development strategy NPA Kampala offices.
NPA has mooted a Hydropower Bond Proposal, “a 10-year trenched petroleum backed convertible hydro-power and energy development bond as a means of funding for the electrification sector.
Energy and rural development minister Syda Bbumba yesterday said, “We can no longer look so much outside our pockets for the energy development strategy. We have to plan other sources of financing.â€
Bbumba said this at a workshop for stakeholders at a consultative meeting on the proposed national energy development strategy NPA Kampala offices.
NPA has mooted a Hydropower Bond Proposal, “a 10-year trenched petroleum backed convertible hydro-power and energy development bond as a means of funding for the electrification sector.