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David Ssebabi
Director Privatization Unit
Ministry of Finance, Planning and Econ Devt
Highlights
Project
Transport
Energy
Bujagali Hydro
Eskom - Hydro
Umeme - distribution
Aggreko Thermal Plant
Mini-hydros several
West Nile Power mini grid
Water
Tourism
Serena Hotel
Business
Infrastructure
Government of
Uganda
Electricity Regulatory Authority (ERA)
Licence for
Ownership
UEGC
UETC
Bujagali
Other IPP
(future)
Kenya
Tanzania
Trans
Operator
System
Operator
UEDC
Distribution
Licence
Supply
Licence
Support
Agreement
Lease
Agreement
The Company
Power Sales
Agreement
(Distribution Concessionaire)
Export /
Import
Customers
60,000
25,000
years
Quality
Accounts receivable at 1
month
Other benefits
Tax
Lease
Investments
>100m to date
Challenges
Nature
High
2006 drought
Unfavourable
Insufficient
High
forex movement
Government of
Uganda
Freight
Concession
InterGovernmental
Agreement
Government of
Kenya
Interface
Freight
Agreement
Concession
(Holding Company)
Passenger
Concession
Concessionaire
Performance
Bond
Concessionaire
Performance
Bond
RVR Uganda
RVR Kenya
Performance at restructuring
Low freight volumes
Defaulted on payment of
concession fees
Investments in infrastructure
and equipment
Restructuring
Concessionaire Obligations
Meet specified freight
volumes
Government Intervention:
Poor management
Lack of technical expertise
Inadequate funding
Substitution of lead investor
Renegotiate agreements to provide for
Minimum investments of $40m in 24 months
Obtain financing of $54m in 24 months
New technical services agreement
Exclude certain assets from the concession
Lessons learnt
Political commitment
To renegotiate
Zambia
Ghana
Way forward?
Public awareness
Thank You
dssebabi@perds.go.ug