Rwimi EP Company Ltd
- Region: Africa
- Country: Uganda
- Sector: Energy - hydro
- Year: 2015
- Domicile: Uganda
- Instrument: Equity and loan
- Commitment (MNOK) as of 22.12.2017: 31.1
- Original Commitment (MNOK): 30.8
Rwimi is a 5,5 MW hydropower project in Western Uganda. The project is developed, built and operated by the Sri Lankan company, EcoPower, and is part of Uganda's feed-in tariff programme and supported by the GET FiT initiative.
Norfund has provided senior and subordinated debt to the company. The project is expected to be operational by end 2017.
Rwimi Small Hydro Power Plant is expected to generate a total of 28 GWh per year. The Ugandan national transmission company UETCL will buy the energy generated by the project.
Unreliable electricity supply is considered one of the most critical factors for large, medium and small enterprises in Uganda. The clean energy produced by Rwimi SHPP will be bought by the Ugandan national transmission company (UETCL) and secure more stable electricity supply for consumers and commercial and industrial enterprises in Uganda. These enterprises consume today two-thirds of the electricity in the country.
Rwimi is an illustration of South-South collaboration, as the Sri Lankan company, Eco Power, is contributing with the equity financing. Norfund and the Belgian Investment Company for Developing countries (BIO) support the project with loans and expertise.
The project was selected for the GET Fit Ugandan program that facilitates development of small-scale renewable energy private projects. GET Fit provides a subsidy payable on top of the standard feed-in-tariffs as defined by the Ugandan regulator. It is supported by international donors under the lead of the German development bank, KfW.