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Tag Archives: UEGCL

UEGCL reports 60% growth in net profit to Shs54bn

UEGCL’s remarkable progress in financial growth and energy generation is a testament to Uganda’s commitment to sustainable energy development, according to Minister Nankabirwa Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Generation Company Limited (UEGCL) has reported a 60% increase in net profit for the 2023/24 financial year to Shs54 …

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UEGCL connects 1,400 customers to electricity in Kayunga District

The project has potential to drive value addition and stimulate local economies, thereby boosting household incomes Kayunga, Uganda | THE INDEPENDENT | State-owned Uganda Electricity Generation Company Limited (UEGCL) has launched the 183MW Isimba Community Development Action Plan (CDAP) grid extension and reticulation project in Kayunga District, a transformative initiative aimed …

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UEGCL moves to enhance operational efficiency

The company’s shift towards an Operation and Maintenance (O&M) model supports its vision to become “Africa’s leading electricity-generating utility Kampala, Uganda | THE INDEPENDENT | Uganda Electricity Generation Company Limited (UEGCL) has unveiled an Internal Performance Contract for the Namanve Thermal Power Plant (TPP), marking a significant step in its strategic …

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UEGCL charts course for growth and sustainability in ambitious 2028 strategic plan

The company’s financial performance for the fiscal year 2022/2023 demonstrated robust growth, with a remarkable 63% increase in revenue, reaching Shs343.7 billion Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Generation Company Limited (UEGCL) is poised for transformative growth and sustainability as it implements its strategic plan for the period …

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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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