Jubilee Holding #ticker:JUB has bought an additional 9.44 percent stake in Uganda’s Bujagali Energy Limited (BEL) for Sh4.2 billion ($40 million), doubling its ownership in the hydroelectric power plant.
The firm announced Tuesday it bought more shares from its technical partners, SN Power, in the 250-megawatt Bujagali dam on the River Nile.
