The cost of the two hydro-power dams that the government is building at Karuma and Isimba could rise beyond control unless a recent directive by President Yoweri Museveni is implemented cautiously. Ministry of Energy Permanent Secretary (PS) Kabagambe Kaliisa issued the warning in reply to queries raised by Keith Muhakanizi, …
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Uganda’s recent strong focus on improving her energy potential has been recognized, with the country now ranked third in Africa for providing the right environment to attract investment. Financial advisors Fieldstone Africa have categorized Uganda among “The Big Five” in Africa “where an investment of time and capital in a …
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Uganda and South Korea have signed a Memorandum of Understating in 10 areas of interest to the two nations. This was after President Yoweri Museveni officially welcomed the President of South Korea Park Geun-hye for her first state visit to Uganda. The ten areas of cooperation are; policy consultation (foreign …
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Jerusalem, Undefined | AFP | Israeli Prime Minister Benjamin Netanyahu on Sunday chided a cabinet colleague who failed to give him public praise for pushing through a long-sought offshore gas deal. After ministers approved revisions to the agreement with a US-led consortium designed to overcome a court challenge, Energy Minister …
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Karuma, Isimba to cost extra Shs 1.8 trillion: An investigation by The Independent reveals how if Energy Ministry officials and those at Uganda Electricity Generation Company Ltd were properly supervising dam construction instead of bickering over control, they could have saved the country enough money to build another hydropower dam. …
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Chairman Uganda Chamber of Mines & Petroleum Elly Karuhanga has warned that the level of preparedness in the local oil sector is below par. “The level of preparedness is still low since only 25 firms were found eligible to supply the industry. Local suppliers aren’t equal to the task to …
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Karuma, Isimba mess: President Museveni directed officials at the Energy Ministry to hand over implementation powers of the billion dollar Karuma and Isimba projects to power generator, UEGCL, in a bid save them but the officials remained adamant weeks later. Energy ministry officials defy Museveni on botched billion dollar project …
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Norwegian firm SN Power set to consolidate position in Ugandan economy, writes Isaac Khisa SG Bujagali Holdings Ltd, a company incorporated in Mauritius and which partially owned interests in the 250MW Bujagali hydropower project is bowing out. The firm, an affiliate of Sithe Global Power, part of Blackstone Group, the …
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Caracas, Venezuela | AFP Venezuelan workers will get Fridays off for the next two months as part of an emergency plan to save electricity, the president said. Venezuela has the world’s largest proven oil reserves but its economy is a mess, with rampant inflation, shortages of goods as basic as …
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SN Power Company from Norway are set to take over the development of the Bujagali hydro-power station in Jinja from SITHE GLOBAL Company. The Norwegian hydro power investors led by the Chief Executive Officer of SN Power Company Torger Lien on Thursday briefed President Yoweri Museveni on their plans. Museveni assured …
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The Independent Uganda: You get the Truth we Pay the Price