‘Bujagali project cost will not rise’
Dec 27, 2010
The cost of the 250MW Bujagali hydro-power project will remain at $860m (close to sh2 trillion), project stakeholders have clarified. “There is a contingency sum provided for within the overall project costs to cater for changes in prices,†a source familiar with the dam financial operations sai
By Ibrahim Kasita
The cost of the 250MW Bujagali hydro-power project will remain at $860m (close to sh2 trillion), project stakeholders have clarified. “There is a contingency sum provided for within the overall project costs to cater for changes in prices,†a source familiar with the dam financial operations said.
This comes after recent fears that the project cost would rise to over $1b after the multi-donor funded project met poor ground conditions that required extra work to ensure the integrity of the dam.
When commissioned next year, the project will relieve the country of the acute power shortage, which is negatively affecting the economy.
The cost of the 250MW Bujagali hydro-power project will remain at $860m (close to sh2 trillion), project stakeholders have clarified. “There is a contingency sum provided for within the overall project costs to cater for changes in prices,†a source familiar with the dam financial operations said.
This comes after recent fears that the project cost would rise to over $1b after the multi-donor funded project met poor ground conditions that required extra work to ensure the integrity of the dam.
When commissioned next year, the project will relieve the country of the acute power shortage, which is negatively affecting the economy.