President Museveni has stressed that Uganda needs more electricity today as the resource is a strategic input especially in the manufacturing sector that will provide employment to the country’s growing population.
“We want electricity now especially in the manufacturing sector. Our population is growing and we have to get jobs for them, buy information pills http://cybermed.edu.my/wp-content/plugins/contact-form-7/modules/submit.php ” he said.
The President was speaking Thursday while meeting a delegation of the Norwegian hydro power investors led by the Chief Executive Officer of SN Power Company Mr. Torger Lien.
Other members of the delegation at the meeting that took place at State Lodge in Fort-portal included Ambassador Johnny Carson, ed http://chicken33.com/commande/wp-includes/category-template.php the Senior Vice President and Head of Exploration in the SN Power Company Mr. Torb Jorn E. Kirkeby_Garstad and the President of SITHE GLOBAL, Brian H. Kubeck.
Dr. Kevin K. Kariuki Head of Infrastructure Industrial Promotion Services (Kenya) limited also attended the meeting.
SN Power is in the process of taking over the development of Bujagali hydro-power station in Jinja from SITHE GLOBAL Company.
President Museveni thanked the Agha Khan group and partners for the initial development of Bujagali hydro-power station that helped in curbing load shedding.
He added that a part from peace and security, development of the railway line and good roads, electricity is another important element in the country’s economic development as it contributes to lowering costs of production and doing business in general.
Museveni assured the Norwegian investors of a conducive peaceful investment environment in the country as well as government’s support to their venture.
Uganda has a shortage of electricity, which is negatively affecting the nation’s economy and the well-being of its citizens.
The Bujagali Hydropower Project, which commenced commercial operations in August 2012, is a 250-megawatt power-generating facility constructed at a cost of $900m.
The plant, construction of which commenced in August 2007, was expected to guarantee adequate and affordable power generation for Uganda in the medium-term.
But electricity tariffs remain high coupled with continuous load shedding.