The Government of Uganda, with funding support from the World Bank, is implementing the Energy for Rural Transformation Project, Phase III (ERT III). One of the components of ERT III is “Financial Intermediation for Off- grid access” with the objective of increasing access to Off grid solar electricity in rural areas. The Uganda Energy Credit Capitalisation Company (UECCC) is the Implementing Agency of the Financial Intermediation component, under which UECCC has put in place a Working Capital Facility (WCF) of US $ 8.5 Million to provide Lines of Credit to Participating Financial Institutions (PFIs) for lending as working capital loans to Solar Companies. “On implementation completion, the Financial Intermediation Component benefits will include: Off-grid connections to reliable electricity for over 30,000 households (approximately 165,000 Ugandans)” said Hon. Simon D’Ujanga, Minister of State for Energy. The targeted Solar Companies are those selling solar systems under Pay As You Go (PAYG), Pay Plan and Cash Business Models. The PFIs so far accredited to the Facility are:
UECCC to increase access to off grid solar electricity through a Working Capital Facility for solar companies
UECCC to increase access to off grid solar electricity through a Working Capital Facility for solar companies
The Government of Uganda, with funding support from the World Bank, is implementing the Energy for Rural Transformation Project, Phase III (ERT III). One of the components of ERT III is “Financial Intermediation for Off- grid access” with the objective of increasing access to Off grid solar electricity in rural areas.
