08/01/2008 (Agence Europe) - The European Investment Bank (EIB in London signed the documentation for a loan of the equivalent of EUR 92 million loan to be extended to Bujagali Energy Limited. (BEL), a private company established in Uganda to build, own and operate a 250 MW hydro-electric project on the upper Nile at Bujagali. BEL is owned by Industrial Promotion Services (Kenya) an investment company of the Aga Khan group, and by Bujagali Holdings Ltd., a special purpose affiliate of the US-based power plant developer Sithe Global Power, LLC, majority owned by Blackstone SGP Capital Partners (Cayman) IV L.P., an affiliate of The Blackstone Group. Co-financing will be provided by IFC, African Development Bank, a group of European finance institutions comprising Proparco, AfD, FMO, DEG and KfW and by two commercial banks - Absa Bank and Standard Chartered Bank - forming an overall loan package of the equivalent of EUR 462 million. (O.L.)