Bujagali funding imminent (Bretton Woods Project)

Bujagali funding imminent

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After a delay of three years due to corruption scandals and the withdrawal of the main sponsor, the proposed 200 MW Bujagali hydroelectric dam on the Victoria Nile in Uganda in is now being fast-tracked for construction (see Update 53). In December the IFC and EIB disclosed summaries of proposed investment and environmental and social reviews. In April the IFC will seek approval from the Bank board in April for the potential $100 million investment. An NGO letter in December questioned the economic viability and environmental impacts of the dam and the transparency of key project documents.

High-risk water infrastructure at any cost News|Bretton Woods Project|23 November 2006|update 53|url
After a decline in the late 90s, World Bank lending for water projects has been rapidly increasing over recent years, reaching $1.8 billion in FY05, and is set to continue. read article...
Bujagali dam unlikely to benefit ordinary Ugandans News|Bretton Woods Project|2 April 2007|update 55|url
The World Bank is so keen to promote the Bujagali II hydropower project as the solution to Uganda’s energy problems that it has set up a special website for it. Local and international groups who have been lobbying for a full and fair review of Uganda's energy options point out that Bujagali is unlikely to meet the needs of the 95 per cent of Ugandans who live far from the national grid and have never benefited from modern energy services. read article...