Electromaxx is the first indigenous privately-owned power generating company in Uganda operating a thermal power plant with an installed capacity of 90 MW in Tororo, close to the Kenyan border. The power generated is sold to the national grid under a Power Purchase Agreement.
Kibo’s investment strengthened the capital structure of the company to enable the increase of its generation capacity from 20MW to 90MW in order to cater for the deficit in power supply in a country with electrification rates ranking amongst the lowest in Africa.
This investment was exited in 2022.