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TAQA Arabia, an Egyptian firm, has signed a $1b, deal with Chui, a local firm to develop hydropower projects in Uganda.
Taqa Power Africa, a partnership between Taqa Arabia, a subsidiary of Citadel Capital and Chui, owned by businessman Charles Mbire, will design, construct, operate and maintain small-and-medium size power plants that will add about 200MW to the power grid in the next five years.
However, Taqa Power has not yet identified the sites for the projects, nor received operating licences.