News
23 February 2018

World Bank may refinance Uganda's Bujagali hydropower project

Region:
Middle East & Africa

The World Bank is considering a refinancing package for the controversial Bujagali hydropower project in Uganda - a 250MW hydropower station built on the River Nile - amid a campaign from civil society groups and the bank's own watchdogs. The project was funded by the World Bank, European development finance institutions, and private financing in 2012 but needs additional financing to make the electricity it produces more affordable to Ugandans.

Activists have urged the bank to use the refinancing deal as an opportunity to settle outstanding compensation claims from impacted communities; and to push the Ugandan government to protect a key ecological site downstream.

You might also like


Interview
11 August 2026

Amber Dragon: Infrastructure equity for mid-conflict Ukraine

The €207 million Amber Dragon Ukraine Infrastructure Fund I (ADUIF 1) reached first close in late May. For Dominykas Tuckus, Ukraine fund lead and managing director at Amber...

Perspective
19 August 2026

Rudninkai: The return of PPP for defence

The Ukraine conflict has pushed European governments to revisit the use of PPP structures to procure defence infrastructure. The Rūdninkai project demonstrates that the asset...