Strategies for attracting investment in Uganda's renewable energy initiatives need to target global nvestment. To attract foreign investors’ participation in the Ugandan electricity sector, hard currency denominated contracts are required to mitigate foreign exchange risk. The Electricity Regulatory Authority is seeking support to assess various options to further balance economic and financial viability of renewable energy investments.
Requested CTCN Assistance
• Technical know-how and tools, including financial models, required to implement the investment strategy
• Quantification and further analysis of negative effects from the Ugandan shilling (UGX) devaluation.
• Impact of renewable energy policy
• Evaluate the possibility of local investor/lender participation in renewable energy financing