In December 2017, the UEGCL board launched the Strategic Plan for the years 2018-2023. Therein, among the four themes included Sustainable Growth aimed at growing the business portfolio and delivering consistent sound financial results.
It is with this background and in furtherance to achieving its strategic objectives that on 12 July 2018 UEGCL signed a 2-year Memorandum of Understanding with Energy & Security Group (ESG) who are implementing the Power Africa Uganda Accelerator programme funded by USAID. In attendance from both parties were Dr. Harrison E. Mutikanga- UEGCL CEO and E. Brooke Whitaker- Chief of Party Power Africa Uganda plus their technical staff.
Within the Framework of this MoU, ESG will facilitate financial closure of small-scale generation projects, support UEGCL’s energy mix and diversification efforts, integrated resource planning and support the relationship between UEGCL and US, generation companies including Chelan County PUD.
“We extend our sincere thanks to ESG for partnering with UEGCL in the quest to realize our vision of being “One of the Leading Power Producers in the Great Lakes Region”, Said Dr. Harrison E. Mutikanga- UEGCL CEO adding that, ESG being on board will amplify our plans in respect to small hydros mentioned in our strategic plan like Nyagak (6.6 MW), Okulachere (6.5 MW) & Maziba (1 MW) SHPP’s.
“The timing is right as our flagship projects of Isimba & Karuma HPP’s near completion, and we move on to the next stage of sustainable operations Said David Isingoma-UEGCL Chief of strategy and Business Development. He further alluded to the fact that consideration was high on agenda to revamp the Nalubaale (180MW) power station which requires huge financial resources.
“ESG support to UEGCL is a key milestone as it opens a new chapter for the Uganda Energy Sector/USAID relationship with a focus on accelerating supply of electricity to the Ugandan populace, said, E. Brooke Whitaker-Chief of Party Power Africa Uganda.
This and many other efforts by UEGCL are anchored in the National Development Plan - NDP (2015 – 2020), Vision 2040, and National Resistance Movement (NRM) manifesto. The government of Uganda envisages increasing electricity generation up to (2,216 MW) by 2023 once the Isimba and Karuma HPP’s plus other mini-hydros are completed. This increased electricity capacity will have a cushioning effect on the current high unit cost of electricity in the country and correspondingly spur social economic development.