Press Releases

FMO Invests in Renewable Energy in Uganda

FMO arranged a USD 24 million senior loan for the financing of a 14 MW run-of-the-river hydropower project in Uganda. The project is being developed by South Asia Energy Management Systems LLC (“SAEMS”), a renewable energy company engaged in the business of acquiring, developing and operating run-of-the-river hydropower projects in emerging markets. This financing follows on from an earlier financing in 2009, when FMO arranged a USD 55 million debt package for the development of 12 run-of-the-river hydropower projects totaling 58MW located in Uganda and Sri Lanka.