Daily Monitor
Thursday December 24 2020
Demand for electricity is expected to grow by a huge margin in the next four years. PHOTO | FILE
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Total energy sales in the domestic market are projected to grow by 7 per cent on average per year from about 2,598 gigawatts per hour in 2016 to 4,929 gigawatts by 2025, according to Rural Electrification Agency.
The projections are contained in the 2016/25 Cost Generation Plan, which also indicates that the larger share of power will be among Industrialists.
The growth forecasts reflect the general positive outlook of Uganda’s economic growth, which, however, is hampered by high electricity tariffs.
According to the World Bank report, low affordability and willingness to pay for electricity continues to be a stumbling block in economic growth.
Daily Monitor
Thursday December 17 2020
This was an improved performance compared to the Shs66b that the agency posted in the 2018/19 financial year.
The growth in profits was largely attributed to commercial operations at Isimba Hydro Power Plant which generated Shs125b worth of electricity sales.
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A new report by Uganda Electricity Generation Company Limited (UEGCL) has indicated that company made Shs161b in profits between March and December.
This was an improved performance compared to the Shs66b that the agency posted in the 2018/19 financial year.
The growth in profits was largely attributed to commercial operations at Isimba Hydro Power Plant which generated Shs125b worth of electricity sales.
Daily Monitor
Wednesday December 16 2020
The SGR has since 2014 failed to kick off due to a number of factors . PHOTO/FILE
Summary
The project is expected to create 150,000 jobs directly and indirectly during construction and will boost export and tourism.
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Government has said construction of the long awaited Standard Gauge Railway (SGR) will start in 2022.
The project, which government says will be completed in 2023, is a major transport link connecting Kenya, Uganda, Rwanda and South Sudan.
However, it has stalled due to financing challenges and failure by Kenya to complete its part of the stretch to the Ugandan side. Government has previously said it will start to build its stretch as it waits for Kenya.