Opportunities in Energy
Energy is the prime mover of any country’s economic growth and prosperity. Uganda needs adequate, reliable and affordable energy to enhance sustainable development. It is for this reason that energy is a priority sector for development in the Country.
Uganda is well endowed with enormous natural resources such as Minerals, hydro, geothermal, petroleum resources, solar thermal yet only a small fraction of this potential has been harnessed.
Power Generation Projects in the Medium Term Government is making effort to develop the following power generation projects through Public-Private Partnership (PPP).
- 30MW cogeneration from bagasse by 2020.
- 450MW geothermal power
Oil & Gas
The oil and gas sector has significant potential to contribute to inclusive growth in the country as it expected to bring in investments between US$15 to US$20 billion in the next three to five years. With the discovery of 6.5 billion barrels of oil, 1.2 billion barrels of it recoverable, it is anticipated to spur two major investments:
An oil refinery that will process 60,000 barrels per day and the 1,445km oil pipeline from Hoima in Uganda to Tanga port in Tanzania. Opportunities exist in community development, upgrading transport infrastructure and the development of a petroleum-based industrial park in Kabale Hoima. Uganda’s policy on local content will unlock many opportunities for investors and Ugandans
Featured Investment Projects
AMOUNT: US$42 Million
LOCATION: BURANGA HOTSPRINGS, BUNDIBUGYO
GIDS Consult Limited is currently carrying out exploration and evaluation of geothermal energy with an aim of developing at least 100 MW Geothermal Power Plant at Buranga prospect. The company is planning to drill 3 deep exploration/ production wells at the prospect and develop a 30 MW well-head geothermal power plant units at each successful wells. The company shall develop a 100 MW geothermal power plant.
LOCATION: KAKIRA TOWN COUNCIL
Kiira Motors Corporation (KMC) is supported through the Presidential Initiative for Science and Technology Innovation to commercialise the Kiira Electric Vehicle Project, a brainchild of Makerere University. KMC is aimed at setting up and operating a vehicle assembly plant in Uganda.
The KMC Plant shall be designed with a Multiple Line and Multiple Model Assembly Shop for Pick- Up Trucks, Light and Medium Duty Trucks, SUVs and Buses. The assembly plant shall operate in partnership with seasoned global auto manufacturers.
AMOUNT: US$5 Million
Kabale Energy project is in the advanced stage of implementing a “Peat” based power generating Project for 33 MW power station near Kabale town, South West of Uganda. The project is estimated
to cost Usd 60 – 70 Million all inclusive. The power is to be supplied to the Government utility.