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A Power Purchase Agreement was negotiated and signed between the parties Kagunuzi Hydro AB and Regideso on July 14, 2015. The PPA was approved by the Minister of Energy and the Minister of Finance.

Item Detail
PPA Holder: Kagunuzi Hydro AB (formerly known as African Power & Water AB) (Swedish Ltd used as project SPV company)
Local representation: APW Burundi Ltd (100% owned Burundian Subsidiary of Kagunuzi Hydro AB)
Contract validation: 25 Years from start of Operation (COD)
Concept: Take or Pay
Guarantees: Revolving SBLC
Tariff: 25 year tariff agreed

KAGU006 Power Purchase Agreement Negotiations in Burundi

Picture is from negotiation meeting in Burundi middle of July 2015. Negotiations were led by Christoffer Caesar, Managing Director of Swede Energy and Aloys Ndugaritse from the ministry of Energy and Mines in Burundi as well as the Director General from the Regulations Authority Mr. Donat Niyonzima.