Uganda Electricity Generation Company Limited

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Uganda Electricity Generation Company Limited (UEGCL)
Parastatal
Industry Power Generation
Founded 2001
Headquarters 3rd Floor, UEGCL Tower
37 Nakasero Road
Kampala, Uganda
Key people
 Stephen Isabalija
chairman
Harrison E. Mutikanga[1]
chief executive officer
Products Electricity
Website Homepage

The Uganda Electricity Generation Company Limited (UEGCL) is a government parastatal company whose primary purpose is to generate electric power for use in Uganda and for sale to neighboring countries.

Location

The headquarters of UEGCL are on the third floor of UEGCL Towers, 37 Nakasero Road, Nakasero Hill, 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).[2] The company maintains a second office at 18-20 Faraday Road, Amberly Estate, in Jinja,[3] approximately 90 kilometres (56 mi), by road, east of Kampala.[4]

History

UEGCL was established in 2001 by an act of the Ugandan parliament following the break-up of the erstwhile Uganda Electricity Board.[5]

Operations

UEGCL is responsible for the operation, maintenance, and improvement of the power stations owned by the Ugandan government.[6]

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.[7]

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 will 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.[8]

Power stations

Operational stations

Power stations in development

Other projects

  • Lake Victoria Shores Reforestation Project
  • Bugungu Reforestation Project

Governance

UEGCL is governed by a seven-person board of directors whose chairman is Stephen Isabalija. The chief executive officer is Harrison E. Mutikanga, effective December 2014.[1]

See also

References

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External links

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