The Minister for Energy and
Nankabirwa is of the view that the joint venture or partnership arrangement could offer a better deal for the government. She said it could lead to a reduction in electricity tariff, and avoid a costly buyout price with a likely
Speaking at the commissioning of the
While its concession will come to an end naturally on
She also noted that the proposals aim to ensure that there isn't another double-digit Return on investment arguing that the
Nankabirwa suggested that once
The Minister noted that at the moment, the state distributor,
A recent report by Irene Bateebe, the Permanent Secretary Ministry of Energy and
This is a reduction in the final buyout amount payable to
The government has also proposed the merger of the three electricity agencies, UEDCL,
During the commissioning ceremony in Gulu, Nankabirwa also explained the government's energy strategy to boost electricity generation by 2040 in a bid to provide reliable, and affordable electricity to the growing population.
She said the government intends to generate a total of 52,481 Megawatts of electricity by 2040. Other energy potentials the government is eyeing include plans to start the generation of 1,000 megawatts of nuclear power by 2031, 5,000 megawatts of geothermal power from geothermal energy in Kasese district, and 4,000 megawatts of solar power from solar energy.
Currently, the country's installed electricity capacity stands at 2,048.50 megawatts with the complete synchronization of all six turbines at the Karuma Hydro-power station to the national grid.
The 600-megawatt Karuma Hydro-power station, worth
With its official commissioning expected in September this year, the Hydro-power dam early this month successfully passed a load rejection test conducted by UEGCL to measure the response of its turbines to an abrupt loss of full load.
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