VANILLA BEANS  SOYBEAN OIL  SOYA CAKE   |  COCOA BEANS   |  COFFEE BEANS


Uganda Government to Spend One Billion Dollars On Karuma Power Station

President Yoweri Museveni has said Uganda will spend over one billion United States dollars on the construction of Karuma power station, adding that part of this money would have been spread to boost development in health and education if the power plans had not been jeopardized.

Museveni was meeting the EU ambassador to Uganda H.E Roberto Ridolfi over infrastructure financing. The meeting took place at the President's country home in Kisozi, Gomba District.

The President said Uganda had budgted for 13 billion shillings as part of its 5 year development plan that includes infrastructure development.

Ambassador Ridolfi said the EU shares in Uganda's vision on how to develop the country with specific emphasis to infrastructure such as roads, energy, tourism etc, adding that infrastructure in East Africa is not only roads and railways but also ICT to promote interconnectivity.

"There is a big financial need to accomplish this and oil revenue can be used to pay loans. Infrastructure development must start today," he said.

Ambassador Ridolfi said infrastructure development in Uganda and the East African region will promote the spirit of federation and help integrate countries like Rwanda and Burundi to balance economic disparity and growth in the region.

President Museveni has emphasized that the money accruing from taxes paid by oil exploration companies will finance infrastructure development including the construction of the proposed multimillion dollar power generation plant at Karuma falls. The 750 megawatts Karuma power project is expected to become the single highest power generation capacity in Uganda upon completion.

The 750 megawatts Karuma power project is expected to become the single highest power generation capacity in Uganda upon completion.

The New Vision Newspaper
25-May-2012

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Energy Guide News Updates & FAQ .





Haven't yet found what you Want...?

If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page

then...

feel free to ask our business travel consultants.



Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.