Company type | Parastatal |
---|---|
Industry | Energy, Finance |
Founded | 2009 |
Headquarters | Amber House, 3rd Floor 29-33 Kampala Road Kampala, Uganda |
Key people | Ramathan Ggoobi Chairman [1] Roy Nyamutale Baguma [2] Managing Director and Chief Executive Officer |
Products | Loans, equity partnerships, financial advisory services, credit guarantees, asset finance |
Total assets | UGX:58.4 billion (US$15.25 million) (June 2022) |
Owner | Government of Uganda |
Website | Homepage |
The Uganda Energy Credit Capitalisation Company (UECCC) is a company owned by the government of Uganda. It is responsible for coordinating funding from the Ugandan government, international development partners and the private sector, to invest in renewable energy infrastructure in Uganda, with emphasis on the promotion of private sector participation. [3]
UECCC's headquarters is located in Amber House, at 29-33 Kampala Road, in the centre of Kampala, Uganda's capital and largest city. [3] The coordinates of the company headquarters are 00°18'48.0"N, 32°34'55.0"E (Latitude:0.313340; Longitude:32.581949). [4]
The company was established in 2009 and coordinates investment into renewable energy sources in the country. [5] The company offers technical, financial, and advisory services to the lending financial institution and to the renewable energy project developer. Services offered include the following: [6] (a) Liquidity refinance option (b) Cash reserving (c) Partial risk guarantee (d) Solar refinance facility to participating microfinance institutions (e) Bridge financing facility (f) Subordinated debt finance (g) Interest rate buy down and (h) Transaction advisory services. [6] Participating international development partners include the World Bank [7] and KfW. [8]
The company is jointly owned by the Uganda Ministry of Energy and Mineral Development and the Uganda Ministry of Finance, Planning and Economic Development. As of June 2022, the company's total assets were USh58.4 billion (US$15.257 million). At that time the company was involved in developing nine mini-hydroelectric power stations in the country, that were yet to come online. [9]