Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy kicked off the process for the third oil field licensing round as part of the efforts to increase the country’s oil reserves. Currently, Uganda has approximately 6.5 billion barrels of oil reserves, with at least 1.4 billion estimated to be economically …
Read More »Uganda eyes nuclear option in new energy transition strategy
Kampala, Uganda | THE INDEPENDENT | At the end of this month, Uganda through the Ministry of Energy will launch the country’s energy transition strategy at the UN Climate Change Conference (COP2) in the United Arab Emirates. The proposed launch of Uganda’s Energy Transition plan has been described as a …
Read More »Implementation of Uganda’s energy policy to cost Sh930 trillion
Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has officially launched an ambitious Energy Policy for Uganda, which is set to require an estimated USD 250 billion, approximately Shillings 930.881 trillion, to implement over a span of 17 years. The launch of the Energy Policy …
Read More »UMEME EXIT: Buyout to cost $215 million
Kampala, Uganda | THE INDEPENDENT | Government is set to pay US$215 million (Sh 802 billion) to acquire majority shares of power distributor, Umeme. The move comes as Umeme’s 20 year contract comes to a close in 2025, giving government full control of the power distribution system, marking the end …
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