The lead investor in Uganda’s oil sector, TotalEnergies announced that it has closed the acquisition of Norwegian energy firm SN Power, giving the French giant a 28.3 percent stake in the Bujagali hydroelectric plant, as well as interests in two projects under development in Rwanda and Malawi.
The acquisition of SN Power will enable TotalEnergies to implement its multi-energy strategy in Uganda, where the company has been actively involved in oil and gas exploration and production in the Albertine region, along with downstream operations.
