We are a market leader in projects, infrastructure and project finance in Uganda. We act on the mandate of the world’s leading development financial institutions, the Government of Uganda and governmental agencies and private infrastructure entities.
We have participated in the development, financing, acquisition and operation of complex infrastructure projects in Uganda, and we possess the local knowledge required to support clients identify, analyse, negotiate and document legal and financing structures for the development, financing, acquisition, delivery, commissioning and operation of infrastructure projects.
We possess detailed knowledge and understanding of the local regulatory environment in the key areas of: licensing and permitting, regulatory compliance, financing and security structures, environment and safety, procurement considerations, land rights, land use and land acquisition, insolvency, government guarantees, foreign exchange and profit repatriation, taxation, sovereign immunity, enforceability of foreign civil and arbitral awards in Uganda and labour law constraints.
We have participated as legal counsel in four of the most noteworthy infrastructure transactions in Uganda over the past decade: the 600MW Karuma hydro-power dam, the 250MW Bujagali II hydro-power dam, the 273-kilometre standard gauge railway line and the concession of assets of Uganda’s sole copper mine, Kilembe Mines. We also acted as legal counsel to the sponsors for the establishment of Uganda’s first two solar power plants.
Recent notable work highlights include:
- Acting for the National Social Security Fund (as the private counterparty) for the development of a US$ 222 million government campus on a public-private partnership basis (build, own and transfer) with the Government of Uganda.
- Acted as local counsel to the lenders (Proparco, International Finance Corporation, African Development Bank, DEG, CDC Group, Absa Bank and Nedbank London) for the US$ 423 million project re-financing of the 250 MW Bujagali II hydro power dam, including advising the lenders on the Government of Uganda’s sovereign guarantee commitments.
- Advised SinoHydro Corporation, the EPC contractor, on its procurement to construct the US$ 2.2 billion 600MW Karuma hydro power dam, including advising SinoHydro on parallel contracting arrangements with the Government of Uganda and concessional loan financing from the Export-Import Bank of China. We continue to advise Sinohydro Corporation on an exclusive retainer basis for the project construction phase.
- Advising TOTAL Eren and Access Power MEA on the establishment of a US$ 15 million 10 MW photovoltaic power station in Uganda, including acting as borrower’s counsel for project financing by Proparco.
- Advised Access Power MEA, a global renewable energy project development company, on the establishment of a US$ 17 million 10 MW photovoltaic power station in Uganda, including acting as borrower’s counsel for project financing by FMO and the Emerging Africa Infrastructure Fund.
- Advised Building Energy S.p.A, a global renewable energy project development company, on the set up of a US$ 20 million 10 MW photovoltaic power station in Uganda, including acting as borrower’s counsel for project financing by FMO and the Emerging Africa Infrastructure Fund.
- Acted as local counsel to the African Development Bank and the Trade and Development Bank (PTA Bank) for the US$ 13 project financing of the 9MW Buseruka hydro-power dam.
- Acted as legal advisor to Barclays Bank of Uganda Limited, Barclays Bank Mauritius Limited and Absa Bank (as hedge counterparty) for a US$ 40 million project re-financing facility to an independent power producer for the expansion of its heavy fuel oil plant.
- Acted for the International Finance Corporation, Standard Chartered Bank and Absa Bank, as hedge counterparties, in connection with the addition of hedging arrangements in respect of the US$ 900 million Bujagali II hydro power dam.
- Acted as local counsel to the Government of Uganda, represented by the Uganda Securities Exchange, on a USAID-funded feasibility study into proposed creation of the Uganda Infrastructure Fund, an initiative of The Fourth Presidential Investor‘s Round Table (PIRT) in which it was agreed to establish a public-private US$1 billion infrastructure fund.
- Acted as local counsel to the African Development Bank and the Trade and Development Bank (PTA Bank) for the US$ 19 project financing of the 9MW Buseruka hydro-power project.
- Advised Aggreko Power Projects International on its US$ 174 million thermal power supply concession with the Government of Uganda, where the Government of Uganda, acting through the Uganda Electricity Transmission Company Limited, granted a concession to Aggreko to supply emergency 50MW thermal-diesel power.