Parliament approves USD 1.4 billion loan for Karuma Hydro Power Project
The USD 1.6 Billion Hydro Power Project at Karuma is expected to be completed in the next four years. Construction of the underground tunnels to access the power house which will generate 600 Megawatts has now been ongoing for the last one year.
The USD 1.4 Billion represents 85% of the project funding as a loan from Export Import Bank of china. Government of Uganda has already made its contribution of 15% amounting to USD 253.26 Million. Read more......
The process to achieve first oil in Uganda is a series of activities, the Daily Monitor’s Isaac Imaka and Frederic Musisi sat down Mr Kabagambe Kaliisa, the ministry of Energy permanent secretary, to give Ugandans an insight on achievements so far reached and challenges encountered...