Government sources confirm that the Ugandan cabinet last week picked General Electric (G.E), one of the companies vying for the financing and construction of an oil refinery, to complete the venture. The meeting was held at State House Entebbe, the residency of the President. GE, an American company is a part of the Intra-continental Asset Holdings (IA) consortium, Mauritius-based private equity firm, and includes amongst others Washington based Yaatra Ventures
16
Jan 2018
UMEME concession to renew – for now
Uganda’s largest power distributor, Umeme Limited, is expected to have its concession renewed when the on-going negotiations with government are concluded, insiders say, most likely before the year ends. At the heart of the negotiations is when the concession can be renewed and under what terms. Although the 20-year concession acquired by UK’s CDC expires in 2025, the power distributor needs a renewal now in order to commit funds required
24
Aug 2017
$ 4.5 billion refinery deal far from closure. Fate of Energy PS tied to controversy over award
Uganda’s $ 4.5 billion refinery project could be delayed by a protracted dispute if one of the competitors, choses to go to court over the way the procurement process is being handled. Subsequently the new permanent secretary at Uganda’s Ministry of Energy Stephen Isabalijja is under pressure with rumors of his firing doing rounds. Amongst others it is said he may have prompted legal action after he personally ruled out
Current estimates from the Ugandan electricity regulator suggest a slow down in demand that could affect the country’s low cost hydroelectricity program. Over 80% of future supply is expected to come from hydroelectric sources although Uganda has a range of renewable energy solutions in place as well as potentially oil-based supply from its assets in the Albert valley. The analysis of demand for electricity in Uganda is however problematic. On