AfDB lends $9m for Buseruka power dam
Publish Date: Apr 13, 2009
Newvision Archive
  • mail
  • img

By Ibrahim Kasita

THE African Development Bank (AfDB) is to lend $9m (about sh18b) for construction of the Buseruka hydro-power dam in Hoima to boost rural electrification.

Hydromaxx, a renewable energy firm, will build and operate a 9MW power plant that aims at providing affordable, reliable and increased power to remote areas.

Benedict Kanu, the AfDB Uganda field officer, said the Buseruka project would contribute to economic development by facilitating growth and social service delivery.

Hillary Onek, the energy minister, said the project was in line with the Government’s efforts to increase rural electrification to 10% by 2012 from the current 2%.

“This will make the countrywide coverage about 25%. Energy will improve the quality of life in households.”

“I appeal to other private investors to bid for other mini-hydropower sites. We have sites that can produce a total of over 60MW,” Onek said.

Fred Kabagambe-Kaliisa, the energy ministry’s permanent secretary, said the Government’s priority was to increase the power generation capacity and boost the transmission network.

The project will cost $27m. The PTA Bank will provide $10m, while Hydromax will invest $8m. This had left a shortfall of $9m.

Meanwhile, the World Bank has approved a $75m International Development Association credit to finance the second phase of the Energy for Rural Transformation programme.

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact

  • mail
  • img
blog comments powered by Disqus
Also In This Section
FORMER president Dr. Apollo Milton Obote has been honoured for his distinguished service to Busoga College Mwiri and the nation....
THE Ministry of Health has appealed to religious groups to counsel men to stop having extramarital sex to stem the raising rates of HIV infections....
THE Chinese community in Uganda on Tuesday celebrated their 62nd independence anniversary....
MAKERERE University has sued the National Insurance Corporation (NIC) over a sh16.7b pension savings package it claims the insurance giant owes it....
PRESIDENT Yoweri Museveni will lead the alumni of the University of Dar-es-Salaam in Uganda to a fundraising drive targeting sh1b for the Tanzania-based institution....
THE UPDF officers, dressed in neatly pressed uniforms complete with gleaming black boots, took to the podium, many accompanied by their spouses. Then, they were decorated....
Is Uganda ready for the pope's visit?
Can't Say
follow us
subscribe to our news letter