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Savannah Energy signs SPA to acquire interests in three East African power projects...
23 Sep, 2025 06:40 208 min read
Savannah Energy PLC, through its subsidiary, has agreed to acquire a 50.1% stake in Klinchenberg BV from Norfund for up to $65.4 million. This acquisition grants Savannah interests in three key hydropower projects: the operational Bujagali plant in Uganda, and the development projects Mpatamanga in Malawi and Ruzizi III, which spans Burundi, the DRC, and Rwanda. The transaction, expected to complete by Q1 2026, marks Savannah's entry into these five African nations and is a key part of their strategy for growth in the African power sector.... More