Jubilee Holdings injects additional $40m in Bujagali Energy
Bujagali power station in Uganda. Regional insurer Jubilee Holdings Limited (JHL) has acquired an additional 9.44 percent stake in Bujagali Energy Ltd (BEL), which owns the Bujagali Hydropower Project. PHOTO | FILE | NMG
Regional insurer Jubilee Holdings Limited (JHL) has acquired an additional 9.44 percent stake in Bujagali Energy Ltd (BEL), increasing its shareholding in the Ugandan-based firm to 18.24 percent from 8.8 percent.
The shares valued at $40 million were held by the technical partners SN Power.
