The KAGU006 project consists of the development of a 7.8 MW hydro power plant on the Kagunuzi River in Burundi. It is envisioned that the KAGU006 project shall be expanded to also include a 4 MW Solar Power PV component. Structured as a Private Public Partnership (PPP), the Project Company has signed a Concession Agreement with the Government of Burundi for financing, designing, constructing, installing, operating and maintaining the power plant on a Build-Own-Operate-Transfer basis for 25 years.
Strategic Project Ownership
The promoter for the KAGU006 project is Swede Energy Power Solutions AB, a Swedish corporation founded in 1988. Swede Energy own the SPV, Kagunuzi Hydro AB, that will carry out the project. A Power Purchase Agreement (PPA) was signed in 2015 between REGIDESO and Kagunuzi Hydro AB for the purchase of electricity generated by the KAGU006 power plant on a take or pay contract.