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Proparco and FMO finance the production of green energy from sugar residue in Uganda


Proparco has arranged a €40 million loan for SCOUL, Uganda’s third largest sugar manufacturing company, to finance a new 26MW cogeneration power plant.

This new power plant will allow the company to produce green electricity at a competitive price to meet its own needs and to be sold to the national grid.

This facility was announced during a signature ceremony attended by the French Ambassador to Uganda, Stéphanie Rivoal. For this operation, Proparco granted a €20 million loan and catalyzed funds from the Dutch development bank FMO, which contributed a similar amount to the project.

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