Museveni Seeks Investors to Reduce Power Tariffs

President Yoweri Museveni has said Uganda has many sites for electricity power generation that require development and cited one in Ayago North, dosage unhealthy another in Ayago South and the other being Murchison  Falls, among the many in the country.

The President was Thursday  meeting  with visiting French  investors who were  led by the French  Ambassador  to Uganda, Ms. Sophie  Makame,  who called on him at  State  House,  Nakasero.

The French entrepreneurs have shown interest in playing a role in the development of the energy sector in Uganda.

The President warmly welcomed them to Uganda and commended them for their interest in the energy sector in the country adding that the sector needs much attention to steer the development of the industrial sector in the country.

“We need this power for the purpose of industrialization but not for operating night discos,” he explained.

The President identified the high tariff levied by independent power producers as one of the biggest problem affecting power consumers in the country and told the French entrepreneurs that “the only problem that you need to address is the price of electricity consumption.”

He added: “The Bujagali hydro-power plant built by private power producers charges 7 cents per unit which is too high for our industries and for domestic users.”

Mr. Museveni also emphasized the need for the independent power producers to charge at least 4.8 cents per unit saying that the plants that were erected with funds provided by Government charge consumers 3 Cents per unit of electricity.

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