Uganda Electricity Generation Company Limited

The Uganda Electricity Generation Company Limited (UEGCL) is a parastatal company whose primary purpose is to generate electric power for use in Uganda and for sale to neighboring countries. As of December 2017, UEGL's generation capacity was 380 megawatts, with that capacity planned to increase to over 1,300 megawatts, by 2023.[5]

Uganda Electricity Generation Company Limited (UEGCL)
TypeParastatal
IndustryPower generation
Founded2001
HeadquartersBlock C, Victoria Office Park
6-9 Okot Close, Bukoto
Kampala, Uganda[1]
Key people
Proscovia Margaret Njuki[2]
Chairperson
Harrison E. Mutikanga[3]
CEO
ProductsElectricity
Revenue(Aftertax) USh2.8 billion (US$770,220) (2020)[4]
Total assetsUSh7.1 trillion (US$1.953 billion) (20200[4]
Number of employees
200 (2020)[4]
WebsiteHomepage

Location

The headquarters of UEGCL are on Block C, Victoria Office Park, Plot 6-9 Okot Close, Bukoto, in Kampala, Uganda's capital and largest city. Its coordinates are 0°19'35.0"N, 32°34'38.0"E (Latitude:0.326389; Longitude:32.577222).[6] The company maintains a second office at 18-20 Faraday Road, Amberly Estate, in Jinja,[7] a city located approximately 80 kilometres (50 mi), by road, east of Kampala.[8]

History

UEGCL was incorporated by the Uganda Ministry of Finance, Planning and Economic Development in 2001,[9] following the break-up of the Uganda Electricity Board.[10]

Operations

UEGCL is responsible for the operation, maintenance, and improvement of the power stations owned by the Ugandan government.[11]

In 2002, UEGCL executed a 20-year operational, management, and maintenance concession to Eskom Uganda Limited, a subsidiary of South African energy company Eskom, to cover the two power stations UEGCL owned at the time: Kiira Power Station and Nalubaale Power Station. Eskom sells the electricity it generates to the Uganda Electricity Transmission Company Limited (UETCL) as the authorized single buyer. UETCL resells the power to Umeme, the energy distributor, which then sells it to the public.[12]

As of 30 June 2020, UEGCL controlled 563 megawatts of the national installed generation capacity of 1,252 megawatts, accounting for about 45 percent. It is expected that when the 600 megawatts Karuma Power Station comes on board in the first half of 2021, UEGCL will control an estimated 1,163 MW out of 1,852 MW, accounting for about 62 percent at that time.[4]

Planned initial public offering

In January 2015, the UEGCL chairman announced plans to list shares of company stock on the Uganda Securities Exchange in an initial public offering within the following two years. The funds raised would be used to develop more electricity generation stations, thus adding to national electricity output. At that time, UEGCL owned 380 megawatts of generating capacity, with a goal to increase to 563 megawatts in 2018 and 1,213 megawatts in 2020.[13][14]

Power stations

Operational stations

Power stations in development

Governance

UEGCL is governed by a seven-person board of directors whose chairman is Proscovia Margaret Njuki. Other UEGCL board members include (a) Zachary Baguma Atwooki, (b) Mrs. Hope Bizimana, (c)Mr. Paul Patrick Mwanja, (d) Nixon Kamukama and (e) Mark Martin Obia.[2] The chief executive officer is Harrison E. Mutikanga.[3] In August 2017, UEGCL received the ISO 9001: 2015 certification, becoming the first Ugandan government agency to receive this certification.[18]

See also

References
  1. UEGCL (2015). "UEGCL Contacts". Kampala. Retrieved 21 June 2017.
  2. Muhame, Giles (24 November 2016). "Eng Njuki Appointed UEGCL Board Chairperson". Kampala: Chimpreports Uganda. Retrieved 21 June 2017.
  3. Businge, Julius (8 February 2015). "Leading Uganda's power generation efforts". The Independent (Uganda). Kampala. Retrieved 24 July 2015.
  4. Tom Brian Angurini (17 December 2020). "UEGCL posts Shs161b profits". Daily Monitor. Kampala. Retrieved 18 December 2020.
  5. Nasasira, Roland (20 December 2017). "UEGCL to increase power generation". Daily Monitor. Kampala. Retrieved 20 December 2017.
  6. Google (10 September 2014). "Location of The Headquarters of UEGCL at Google Maps" (Map). Google Maps. Google. Retrieved 10 September 2014.
  7. UEGCL (19 August 2015). "Uganda Electricity Generation Company Limited: Offices". Uganda Electricity Generation Company Limited (UEGCL). Retrieved 19 August 2015.
  8. Google (5 July 2020). "Road Distance From Kampala, Uganda To Jinja, Uganda" (Map). Google Maps. Google. Retrieved 5 July 2020.
  9. Editor (26 September 2016). "Electricity Generation Company UEGCL sees rare profits in 2015". The Independent (Uganda). Kampala. Retrieved 21 June 2017.CS1 maint: extra text: authors list (link)
  10. European Times (2 October 2012). "Uganda Electricity Generation Company: Electricity-Generation Enterprise Focusing On Hydropower". EuropeanTimes.Com. Retrieved 29 August 2015.
  11. UEGCL (19 August 2015). "Uganda Electricity Generation Company Limited: Company Profile". Uganda Electricity Generation Company Limited (UEGCL). Retrieved 19 August 2015.
  12. Olanyo, Joseph (5 August 2012). "ESKOM to Invest $20m on Nalubaale, Kiira dams". The Observer (Uganda). Retrieved 29 August 2015.
  13. Christine Kasemiire (11 June 2019). "UEGCL plots to list on securities exchange". Daily Monitor. Kampala. Retrieved 11 June 2019.
  14. Wesonga, Nelson (22 January 2015). "Electricity company to sell stock share to the public". Daily Monitor. Kampala. Retrieved 29 August 2015.
  15. Sarah Kagingo (24 March 2019). "183 MW Isimba Dam Commissioned As Museveni Declares "Era Of Big Projects"". Kampala: SoftPower Uganda. Retrieved 11 June 2019.
  16. Titus Kakembo (16 May 2019). "Karuma Power Dam To Be Ready In December". New Vision. Kampala. Retrieved 30 October 2019.
  17. Otage, Stephen (17 August 2015). "Govt signs Shs270 billion Muzizi hydro-power deal". Daily Monitor. Kampala. Retrieved 29 August 2015.
  18. Ladu, Ismail Musa (15 August 2017). "Uganda signs deal to export power to Congo". Daily Monitor. Kampala. Retrieved 15 August 2017.

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