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Jubilee signs deal to operate Uganda hydro-power plant

The 250-megawatt Bujagali power station in Uganda. Photo/FILE

Insurance and financial services group Jubilee Holdings has won a joint 30-year concession deal to operate Uganda’s Bujagali hydro-electric power project, helping to diversify its revenue streams with the potentially lucrative contract.

The company, which owns Jubilee Insurance, is a joint shareholder in the 250-megawatt Bujagali Energy Limited through its subsidiary Jubilee Investment Company.

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