Uganda Energy Credit Capitalisation Company

The Uganda Energy Credit Capitalisation Company (UECCC) is a company owned by the government of Uganda. It is responsible for coordinating funding from the Ugandan government, international development partners and the private sector, to invest in renewable energy infrastructure in Uganda, with emphasis on the promotion of private sector participation.[4]

Uganda Energy Credit Capitalisation Company ( UECCC)
TypeParastatal
IndustryEnergy, Finance
Founded2009 (2009)
HeadquartersAmber House, 3rd Floor
29-33 Kampala Road
Kampala, Uganda
Key people
Keith Muhakanizi
Chairman[1]
Specioza Kimera Ndagire[2]
Chief Executive Officer
ProductsLoans, equity partnerships, financial advisory services, credit guarantees, asset finance
Total assetsUGX:100 billion (US$27 million) (2019)[3]
OwnerGovernment of Uganda
WebsiteHomepage

Location

UECCC's headquarters is located in Amber House, at 29-33 Kampala Road, in the centre of Kampala, Uganda's capital and largest city.[4] The coordinates of the company headquarters are 00°18'48.0"N, 32°34'55.0"E (Latitude:0.313340; Longitude:32.581949).[5]

Overview

The company was established in 2009 and coordinates investment into renewable energy sources in the country.[6] The company offers technical, financial, and advisory services to the lending financial institution and to the renewable energy project developer. Services offered include the following:[7] (a) Liquidity refinance option (b) Cash reserving (c) Partial risk guarantee (d) Solar refinance facility to participating microfinance institutions (e) Bridge financing facility (f) Subordinated debt finance (g) Interest rate buy down and (h) Transaction advisory services.[7] Participating international development partners include the World Bank[8] and KfW.[9]

Ownership

The company is jointly owned by the Uganda Ministry of Energy and Mineral Development and the Uganda Ministry of Finance, Planning and Economic Development. As of July 2019, the company's total assets were USh100 billion (US$27 million). At that time the company was involved in developing nine mini-hydroelectric power stations in the country, that were yet to come online.[3]

See also

References
  1. UECCC (30 August 2016). "Members of the Board of Uganda Energy Credit Capitalisation Company". Kampala: Uganda Energy Credit Capitalisation Company (UECCC). Retrieved 30 August 2016.
  2. World Bank (23 March 2015). "Energy for Rural Transformation Project II Identification Number 4554-UG Amendment to Project Agreement" (PDF). Washington DC, United States: World Bank. Retrieved 30 August 2016.
  3. Rainher Ojon (9 July 2019). "Nine mini hydro dams in the pipeline - UECCC". Daily Monitor. Kampala. Retrieved 15 June 2020.
  4. UECCC (30 August 2016). "About Uganda Energy Credit Capitalisation Company". Uganda Energy Credit Capitalisation Company (UECCC). Retrieved 30 August 2016.
  5. Google (30 August 2016). "Location of the Headquarters of Uganda Energy Credit Capitalisation Company" (Map). Google Maps. Google. Retrieved 30 August 2016.
  6. TEUT (2 October 2012). "Uganda Energy Credit Capitalisation Company: Reliable Local Partner for Renewable-Energy Projects". The European Times (TEUT). Retrieved 30 August 2016.
  7. UECCC (20 August 2016). "Uganda Energy Credit Capitalisation Company: Products & Services". Kampala: Uganda Energy Credit Capitalisation Company (UECCC). Retrieved 30 August 2016.
  8. Advertisement. "Uganda Energy Credit Capitalisation Company: Pre-Qualification of Solar Companies & Dealers To Supply and Install Solar Photo-Voltaic (PV) Systems Under UECCC Programmes" (PDF). New Vision. Kampala. Retrieved 30 August 2016.
  9. Advertisement (19 November 2012). "Consultancy Firm to Provide Early Stage Transaction Services to Independent Power Producers" (PDF). Daily Monitor. Kampala. Retrieved 30 August 2016.

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