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Tag Archives: UEGCL

UEGCL records 24% growth in income to Shs 210bn

Kampala, Uganda | ISAAC KHISA | State-owned Uganda Electricity Generation Company has maintained a growth trajectory in its annual performance with the latest financial results indicating a 24 per cent growth in income to Shs 210.9billion for the year ended June.30. The company attributes increase in income to a surge in …

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No dividends for Umeme shareholders

The electricity firm H1 profits increased by 33% to Shs64bn Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme, has withheld payment of an interim dividend to its shareholders despite recording a 33% growth in profit after tax to Shs64bn for the six months period ending June.30. The company executives …

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Isimba dam shutdown

The energy minister says nobody will be punished until investigations are concluded | THE INDEPENDENT | The abrupt shutdown of the 183MW Isimba hydropower plant on Aug.08 continues to cause anxiety amongst Ugandans, with many urging authorities to penalize those that caused the error. However, speaking as the main guest …

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Isimba hydropower station shutdown for three weeks

Kayunga, Uganda | THE INDEPENDENT | Government has shutdown the 183MW Isimba Hydropower Plant in Kayunga district. In a notice to the general public on Tuesday, Ruth Nankabirwa, the Minister of Energy and Mineral Development revealed that the plant was shut down on August 8th 2022 following operational challenges that led …

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Karuma Hydropower Dam defects fixed

The contractor set to come up with a new commissioning plan Kampala, Uganda | ISAAC KHISA | Karuma Hydropower Dam, the country’s flagship power project, now has all identified defects fixed but it is likely to miss the June 2022 target date for commissioning. Executives at the state-run Uganda Electricity …

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Government takes over Namanve Thermal Power Plant

Kampala, Uganda | THE INDEPENDENT | The government through Uganda Electricity Generation Company Limited-UEGCL has taken over the management of the 50MW Namanve thermal plant from Jacobsen Uganda power plant company limited. In 2007, the government and Jacobsen entered a build, own, operate and transfer-BOOT agreement to establish the heavy fuel …

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