Annual Report 2013

 

The GET FiT Uganda Program was formally launched in May 2013. The Program is designed so as to simultaneously target the key barriers confronting investors looking at potential investments in small renewable projects (1-20MW) in Uganda and thereby fast-track some 15-20 projects, 170MW and 830GWh/year. The main
feature of the Program is a front-loaded results-based premium payment designed to top-up Uganda’s own REFiT and be paid out over the first five years of operation.

 

Additionally, the Program is designed to contribute to installation of 20MW of grid connected solar PV, resulting from a reverse auction with a GET FiT top-up; improvements to the enabling environment, for example standardized PPA
and IA for small renewables; parallel implementation of a World Bank GET FiT Partial Risk Guarantee (PRG) providing coverage for up to MUSD 160 for small renewables; actively facilitating and promoting commercial investments in the sector, and lifting the capacity and competence of ERA through targeted TA Programs. The initiative is being spearheaded and implemented by ERA, the Government of Uganda and KfW, with funding contributions from the Governments of Norway, Germany, UK and the European Union (EU).

 

 

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