Gulu, Uganda | THE INDEPENDENT | A Ugandan registered company, H₂ Agro Uganda Limited has secured a government node to start a hydrogen industrial complex at the Karuma Hydropower Plant. The hydrogen park is expected to take advantage of the electricity produced at the dam to power a petrochemical industry …
Read More »Three arrested for vandalising Karuma electric wires
Lira, Uganda | THE INDEPENDENT | Three residents of Lira City West Division are in police custody for vandalizing electric wires from the Karuma power transmission line. Two of the suspects are Hammed Hajjala,58, and Muhammed Okello 50. The third suspect is a teenager, whose identity has been witheld by …
Read More »UEGCL records Shs92bn net profit in FY2020/21
Profitability included Shs71bn from foreign exchange gains on Isimba loans Kampala, Uganda | THE INDEPENDENT | “We yet congratulate ourselves upon the completion of another financial year in which despite the continued Covid-19 disruptions, we were able to make headway as a company,” Eng. Harrison Mutikanga said in his statement …
Read More »Uganda gets Shs2.7bn from Sweden for solar energy
Uganda Electricity Generation Company Limited has secured Shs2.7bn grant from Sweden’s Swedfund to conduct feasibility studies for floating solar development in the country. | THE INDEPENDENT | UEGCL Chief Executive Officer, Harrison Mutikanga and the Sweden Ambassador to Uganda Maria Hakanson signed memorandum of understanding in Kampala on Oct.12. “The …
Read More »Multi-billion Isimba and Karuma Hydropower Dams: How Chinese loan ‘spillovers’ are creating new growth opportunities
Ugandan government has in the past years faced harsh criticism over regular borrowings from China Import Export Bank to facilitate development of infrastructure projects including hydropower dams, roads and possibly soon the planned Standard Gauge Railway. But the Chinese loans have also had a fair share of positive aspects to …
Read More »Three buried alive in Kiryandongo quarry
Gulu, Uganda | THE INDEPENDENT | Three people have died after they buried alive at a quarry in Kiryandongo District. The incident occurred on Saturday evening at about 5:00 pm at the hydropower station in Karuma Town Council from Kiryandongo District. The deceased has been identified as David Otingcwinywa aged …
Read More »Uganda’s debt burden
To borrow or not to borrow for infrastructure? Kampala, Uganda | IAN KATUSIIME | Julius Kapwepwe, the director of programmes at Uganda Debt Network, a debt monitoring NGO, Uganda’s national says, to control the country’s spiraling debt, the Ministry of Finance officials must ask themselves some questions every time they …
Read More »Karuma, Isimba dam dividends to communities
Local leadership share impact as they push for more support Kampala, Uganda | JULIUS BUSINGE | It is 02:00pm on Thursday April 08, 2021, a pupil at the government aided, Amaji Primary School, Oyamu district is resting on the floor where her bed is laid. The dormitory is congested, poorly …
Read More »Karuma tribal clash victims demand security protection
Kiryandongo, Uganda | THE INDEPENDENT | Victims of a tribal clash in Okwece cell in Karuma town council, Kiryandongo district are demanding for the establishment of an army detach in the disputed area. The area is located North West of Karuma town council where the nearest security installments are an army …
Read More »Behind UEGCL’s sharp drop in net profit to Shs2.8bn
Management is now focusing on ensuring sustainability across its value chain of power generation Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Generation Company Limited has reported a sharp drop in profit after tax from Shs25bn in FY2018/2019 to Shs2.8bn in FY2019/2020. The company executives attributes the drop in profits …
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