Uganda’s President Yoweri Museveni singled out the 250-MW Karuma hydroelectric project in his State of the Nation address, saying construction would begin ï¿½soonï¿½ on the Nile River.
Museveni addressed Uganda’s Parliament June 5, saying construction of the 255-MW Bujagali hydroelectric project is on course on the Victoria Nile River and construction on Karuma would begin soon, with or without external assistance. (HNN 4/16/08)
Museveni said the government has US$130 million in its energy fund and is to put aside US$74.1 million in the next fiscal year for construction of power plants.
State-run New Vision reported Finance Minister Ezra Suruma said 215.6 billion shillings (US$138.2 million), carried forward in the energy fund from the 2007-2008 fiscal year, would be used for development of Karuma. Suruma told members of Parliament that US$100 million advanced to Bujagali from the energy fund had been repaid when lenders released funding to Bujagali, making that money available for Karuma.
Suruma also said the government would start development of the 100-MW Isimba hydroelectric project on the Nile River under a public-private partnership. India has approved a US$350 million line of credit to Uganda for the project. India officials said the project would be built by India’s Bharat Heavy Electricals Ltd. at Isimba Falls. (HNN 3/31/08)