Industry Power generation Website Homepage Founded 2001 Type of business State-owned enterprise | Products Electricity Key person Stephen Isabalija | |
Key people Stephen IsabalijachairmanHarrison E. Mutikangachief executive officer | ||
Uganda electricity generation company limited wants power tariffs reduced to boost investment
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.
Contents
- Uganda electricity generation company limited wants power tariffs reduced to boost investment
- Location
- History
- Operations
- Planned initial public offering
- Operational stations
- Power stations in development
- Other projects
- Governance
- References
Location
The headquarters of UEGCL are on the third floor of UEDCL 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). The company maintains a second office at 18-20 Faraday Road, Amberly Estate, in Jinja, approximately 90 kilometres (56 mi), by road, east of Kampala.
History
UEGCL was established in 2001 by an act of the Ugandan parliament following the break-up of the Uganda Electricity Board.
Operations
UEGCL is responsible for the operation, maintenance, and improvement of the power stations owned by the Ugandan government.
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.
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.
Operational stations
Power stations in development
Other projects
Governance
UEGCL is governed by a seven-person board of directors whose chairman is Stephen Isabalija. The chief executive officer is Harrison E. Mutikanga.