In 1992, working closely with the Government of Uganda, MISA secured the mandate to build own and operate a hydro-electric power station on the River Nile. After an international search MISA selected Virginia-based AES Corporation as its partner to develop the country's second source of hydro-electric energy.  Situated nine kilometres from the source of the River Nile, the Bujagali Power Station was to be the largest single private investment in Africa.  With a capacity of 220 megawatts, the project would provide electricity to Uganda and its neighbouring countries.

However, the project was not without its challenges.  As the first and only major hydro IPP, MISA actively assisted in developing Uganda's energy policy to accommodate the generation and distribution of private electricity.  MISA was instrumental in shaping the new energy sector, advising and discussing the needs of all the countries in the region.
Although AES withdrew form the project, following the turmoil after the collapse of Enron, the Bujagali project will be completed as a public-private partnership, retaining the basic elements of the project that was originally conceived and developed by MISA.
MISA is continuing to complete power projects across Europe, Africa and India.