GeT FiT Programme for East Africa
As of: August 2019
Objective and activities
The GET FiT programme improved the regulatory and financial environment for private investment in renewable energies in Uganda. The programme was implemented through cooperation between KfW, Deutsche Bank and the World Bank. By deploying international donor funding (including funding provided by the British and Norwegian governments), mark-ups on national feed-in payments for renewable energies were financed in order to make investments economically viable. The financial and political risks are covered through a World Bank guarantee mechanism. Access to outside capital was provided through refinancing funds provided by Deutsche Bank in cooperation with local Ugandan banks. The project served to prepare and support programme implementation in its first phase. To this end, KfW was working closely with the Ugandan partners to produce a programme proposal that is eligible for funding.
State of implementation/results
- Project completed
- The project has successfully developed the following building blocks for the overall program: preparation and implementation of a tendering procedure for companies participating in the "GET FiT Premium Payment Mechanism" for electricity generation from renewable energies in Uganda; Development of a standardized electricity abstraction agreement as well as development of a monitoring and evaluation system.
- Twelve projects were approved under the "early mover portfolio".