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Govt fails to utilise Shs1.3 trillion of borrowed funds


Daily Monitor
Wednesday March 17 2021
At least 12 loans expired before they would be disbursed due to low absorption capacity. PHOTO | FILE
Summary
According to the Auditor General’s report for the year ended June 2020, the failure to utilise the borrowed money  was due to low levels of loan absorption, which is affecting government projects and service delivery.
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Twelve loans valued at Shs1.3 trillion expired before disbursement to respective ministries and government entities for use, according to the Auditor General. 
According to the Auditor General’s report for the year ended June 2020, the failure to utilise the borrowed money  was due to low levels of loan absorption, which is affecting government projects and service delivery. ....

John Muwanga , Christine Kasemiire , Agence Francaise De Development , Uganda Electricity Generation Company Limited , Auditor General , Hydro Power , Owners Engineer , Construction Contractor , உகந்த மின்சாரம் ஜெநரேஶந் நிறுவனம் வரையறுக்கப்பட்டவை , தணிக்கையாளர் ஜநரல் , ஹைட்ரோ பவர் , ஓநர்ஸ் பொறியாளர் , கட்டுமானம் ஒப்பந்தக்காரர் ,

Isimba Dam contractor fails to fix critical defects 2 years later


Daily Monitor
Thursday March 11 2021
An aerial view of Isimba hydroelectricity dam. The contractor has not fixed at least 33 critical defects and hitches in the plant since its commissioning, two years ago. PHOTO/FILE
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China International Water and Electric Corporation (CWE), the engineering, procurement, and construction (EPC) contractor for the Isimba Hydropower Dam, has not fixed at least 30 critical defects and hitches on the plant, two years after it was commissioned, Daily Monitor has learnt.
The government awarded the Chinese firm the contract for the $567.7m (about Shs2 trillion) Isimba project, which started in April 2015.
The project was then commissioned in March 2019 and is expected to generate an annual 1,039GWh (gigawatt hours) of electricity a year, once it achieved a substantial completion mark on March 31, 2019. ....

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UEGCL posts Shs161b profits


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. ....

Tom Brian Angurini , Uganda Electricity Generation Company Limited , Tom Brian , Isimba Hydro Power Plant , Export Import Bank , உகந்த மின்சாரம் ஜெநரேஶந் நிறுவனம் வரையறுக்கப்பட்டவை , டோம் பிரையன் , ஏற்றுமதி இறக்குமதி வங்கி ,