Transaction Summary
AMEA Power, a Dubai-based independent power producer (IPP), has secured $18 million in senior debt financing from the Emerging Africa & Asia Infrastructure Fund (EAAIF), a member of the Private Infrastructure Development Group (PIDG), managed by Ninety One Guernsey Limited, for the development of a 20 MW (24 MWp) utility-scale solar photovoltaic (PV) project in Uganda’s West Nile region. The project, implemented through Ituka West Nile Uganda Limited, a wholly owned subsidiary of AMEA Power, will be the region's first utility-scale solar PV facility. Located on a 52-hectare site in Ombachi village, Uleppi, Madi Okollo District, the plant includes a 33/132 kV transformer substation/switchyard and will connect to Uganda’s national grid via the newly constructed Lira-Gulu-Nebbi-Arua 132 kV transmission line, operated by Uganda Electricity Transmission Company Limited (UETCL). The African Trade and Investment Development Insurance (ATIDI) also supports the project through its Regional Liquidity Support Facility (RLSF), mitigating payment risks.
