Hunton & Williams Advises on Power Purchase Agreement Signed for Landmark Hydroelectric Project in Uganda.RICHMOND, Va. -- Bujagali Hydroelectric Project Will Alleviate Energy Shortages and Promote Development The US law firm Hunton & Williams LLP LLP - Lower Layer Protocol today announced that a long-term power purchase agreement was signed between the Government of Uganda, acting through the Uganda Electricity Transmission Company Limited, and Bujagali Energy Limited, whose primary sponsors are IPS (1) (Inches Per Second) The measurement of the speed of tape passing by a read/write head or paper passing through a pen plotter. (2) (IPS) (Intrusion Prevention S Group of Kenya and Sithe Global of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , for the planned 250-megawatt Bujagali hydroelectric power hydroelectric power: see power, electric; water power. hydroelectric power Electricity produced from generators driven by water turbines that convert the energy in falling or fast-flowing water to mechanical energy. project. The project will involve the development of a hydroelectric dam on the River Nile in Uganda approximately eight kilometres north of the existing Nalubaale and Kiira Falls hydroelectric facilities. Hunton & Williams acted The Williams Act of 1968 amended the Securities and Exchange Act of 1934 (15 U.S.C.A. § 78a et seq.) to require mandatory disclosure of information regarding cash tender offers. on behalf of the Government of Uganda. The Bujagali project will promote growth by providing low-cost electricity in an environmentally sustainable and efficient manner, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. The World Bank. "This is a remarkable achievement for the Government of Uganda," said John J. Beardsworth Jr., an energy and project finance lawyer with Hunton & Williams who often works in Africa. "Once construction is completed, the Bujagali project will reduce the chronic power shortages in Uganda." Hunton & Williams developed and negotiated all of the project documentation for Uganda, including the power purchase agreement and implementation agreement, and led the team of financial and technical advisors that structured and arranged the transaction on behalf of the Government. The Bujagali hydroelectric project is expected to be the largest foreign direct investment into Sub-Saharan East Africa in history. Founded in 1901, Hunton & Williams is a US law firm with a significant international presence. More than 850 attorneys in 17 offices have served clients in over 100 countries around the world. Hunton & Williams has a dynamic energy and infrastructure practice, with more than 150 lawyers dedicated full time to advising clients on a broad range of energy and infrastructure matters, including project development and acquisition financing, regulatory and environmental issues, corporate transactions and financial restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). . Hunton & Williams' project finance practice is ranked by The American Lawyer as one of the top worldwide. Visit our website at www.hunton.com. |
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