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Uganda – Example transactions
(please note that this is not an exhaustive list – please contact us for more details)
Mini-grid project (Uganda):
Advising the lender to a 13MWp solar project in Ombachi that will be connected to a rural/mini grid in the West Nile sub-region in Northern Uganda
Acquisition Consumer Goods (Uganda):
Advising a private equity group in relation to its acquisition of a majority shareholding in a fast moving consumer goods company based in Uganda.
Acquisition Consumer Goods (Uganda):
Advising a private equity group in relation to its acquisition of a majority shareholding in a fast moving consumer goods company based in Uganda.
Financing Renewable Energy Project (Uganda):
Advising a number of DFIs in connection with the accounts receivable financing of a renewable energy company.
Achwa Hydro IPP (Uganda):
Advising the project company in connection with a proposed financing and construction of a 132kV hydro project from Lira (via Gulu) to Agago, Uganda.
Bujagali Hydropower (Uganda):
Representing AES in the development of a 250 MW hydro-power project in Bujagali Falls, Uganda, one of the largest infrastructure developments in sub-Saharan Africa and the first every hydro-IPP in Africa.
Buy-out of a Financial Institution (Uganda/Zambia):
Acting for an African private equity fund on its proposed investment in a Ugandan bank and its acquisition of a Zambian bank.
Finance (Uganda):
Advising lenders in respect of SCOUL’s ongoing investment plans, including the setting up of a new 26MW cogeneration facility.
Case Study
GETFiT (Uganda):
From 2013, Trinity was engaged by the German development bank, KfW, to act for the Government of Uganda (GOU), Uganda Electricity Transmission Company Limited (UETCL), the Ugandan Electricity Regulatory Authority (ERA) and a donor group led by KfW in relation to the Global Energy Transfer Feed-in-Tariff (GET FiT) programme in Uganda
GET FiT’s goal is to support the development of small (typically 1MW to 20MW) renewable power projects. These projects offer a host of benefits beyond merely being renewable and providing a large cumulative capacity. For example, they provide a granular portfolio of distributed power generation assets; staggered electricity supply growth, which can be more manageable for the utility compared to large projects adding generation capacity in large increments; opportunities for newer and smaller developers, including local developers, to gain experience; low environmental and social impact, and so on.
The development time and costs incurred in relation to smaller projects, in particular in relation to contract negotiations and satisfying lender requirements, can be very similar to those incurred on much larger projects. In turn this can render the development of smaller projects uneconomic for developers, and an unwarranted burden on the finite resources of host Government stakeholders.
Against that background, GET FiT’s defining feature is arguably its focus on its principal development goal of ensuring that a portfolio of small renewable projects (with a material cumulative capacity) attains commercial operation and thereafter delivers renewable energy.
The success of GET FiT Uganda is proven by results. The programme currently supports fourteen hydro projects, two solar PV projects and one bagasse project, and is on track to support a cumulative capacity of over 160MW, a number that was delivered in around 18 months from the launch of the programme.
The model is being replicated in a number of jurisdictions, on which Trinity is also working.
Growth Capital Investment (Uganda):
Acting for a private equity house its growth capital investment in an African sustainable forestry business, including subsequent funding arrangements.
Hotel Financing (Uganda):
Advising a DFI with regard to the senior corporate financing of to finance the rehabilitation and extension of a leading hotel chain in Uganda.
Renewable Forestry (Uganda):
Advising European Investment Bank on the financing of a renewable forestry plantation in Uganda.
Solar PV (Uganda):
Advising on the development of a 10MW solar PV located in Mayuge Uganda.
Soroti Solar IPP (Uganda):
Advising Sponsors the development and financing of a 10MW solar plant development located in Uganda.