Page 11 - AfrElec Week 34 2022
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AfrElec HYDRO AfrElec
Uganda to export 50MW
of hydro to Kenya
UGANDA THE Ugandan government has revealed that Kenya authorities first dispatched 60MW to
it has plans to export 50MW back to Kenya in Uganda to deal with the deficit, which was grad-
return for the emergency power it supplied last ually reduced to 40MW by August 21 when the
week following the shutdown of the Isimba first turbine of Isimba dam was restored.
hydropower dam. Repairs are going on well with two power
On August 17, Uganda scheduled power cuts generation units successfully restored and
across the country after the 183MW plant was full capacity expected by the end of this week,
forced to suspend operations due to flooding UEGCL officials said.
that affected generators and turbines. Uganda and Kenya have maintained Power
According to Ruth Nankabirwa, Minister of Purchase Agreements since 1964. Kenya is one
Energy and Mineral Development, the Isimba of the export markets for Uganda’s surplus elec-
station flooded after maintenance works by the tricity, alongside Tanzania, South Sudan and the
Uganda Electricity Generation Company Lim- Democratic Republic of Congo.
ited (UEGCL) went wrong due to human error,
which triggered the shutdown.
Umeme’s H1 pre-tax
profit up 33%
UGANDA UMEME Limited, Uganda’s sole power dis- reorganisation of the business and efficiency
tributor, has posted a half-year pre-tax profit of gains from investment in technology.
UGX92.8bn ($24mn), a 33% y/y increase, helped Umeme, which is listed on both the Uganda
by a surge in energy sales across all categories of and Kenya stock exchanges, holds a monop-
customers and a drop in operating costs. oly 20-year power distribution concession in
The jump in profits largely stemmed from Uganda set to expire in 2025.
higher electricity sales, which rose 9% y/y, the It targets customers in the domestic, com-
firm said in a statement on Monday (August mercial, medium industrial, large industrial and
22). Operating costs fell 6.5% y/y, driven by a street lighting sectors.
Week 34 25•August•2022 www. NEWSBASE .com P11
