Uganda emerges next energy investment destination

From HASSAN ONYANGO in Kampala, Uganda,KAMPALA, (CAJ News) – UGANDA'S immense power potential and enormous energy investment opportunities will be under the spotlight in September when stakeholders and decision makers converge for the inaugural Future Energy Uganda.The capital city Kampala will host the event from the 12th -13th."The numbers in Uganda's energy sector speak for themselves: the country is without a doubt the next energy investment destination," said Future Energy Uganda event director Le-ann Hare-Keymer.She explained Uganda aimed to grow installed capacity from 868MW to 4100MW, 2002km of transmission lines and 100 percent of household electrification – all by 2030, as part of projects worth US$92 billion.Furthermore, IPPs account for 58 percent of generation capacity which is set to grow as a number of renewable energy projects develop."Future Energy Uganda aims to facilitate and fast track the progression and growth of the energy sector," Hare-Keymer said.The Ministry of Energy and Mineral Development supports the two-day conference."We welcome this initiative, realising that it fits within our plans of providing adequate and reliable energy for social and economic development of our country. we recognise the importance and role power plays in fulfilling the industrial, economic and social potential of Uganda," said Minister of State for Energy, Simon D'Ujanga.In a recent World Bank study on the "Financial Viability of Electricity Sectors in Sub-Saharan Africa", Uganda was reported as one of only twocountries (together with Seychelles) with a financially viable electricity sector. Spintelligent, a multi-award-winning Cape Town-based exhibition and conference producer, is organizing Future Energy Uganda.– CAJ News

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Source: Uganda emerges next energy investment destination