Muvumbe Hydro (U) Limited, a wholly owned subsidiary of Vidullanka PLC, has entered into an Implementation agreement with the Ministry of Energy and Mineral Development on behalf of Government of Uganda.
Accordingly the company, investors and financing institutions arc entitled to improved investment protection from the Government of Uganda.
A Developer Financing Agreement with KFW Bank of Germany on behalf of the Government of Uganda, under the Lighting Africa program, too was formulated. The company will be entitled to receive a grant of US$.4.5mn during the first 5 years of commercial operation of the Muvumbe Small Hydro Power Plant.
www.dailynews.lk
Accordingly the company, investors and financing institutions arc entitled to improved investment protection from the Government of Uganda.
A Developer Financing Agreement with KFW Bank of Germany on behalf of the Government of Uganda, under the Lighting Africa program, too was formulated. The company will be entitled to receive a grant of US$.4.5mn during the first 5 years of commercial operation of the Muvumbe Small Hydro Power Plant.
www.dailynews.lk
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