#3.
On September 30th Sinohydro engineers, together with Uganda Electricity Generation Company Limited (UEGCL) and ÅF Consult engineers lifted and lowered the last of 6 rotors for unit 6 at the 600MW Karuma Hydropower Project.
The project is located on River Nile in Kiryandongo District in mid-northern Uganda, 110km downstream of Lake Kyoga, and 270km from Kampala the Capital of Uganda. Construction works were launched by President Yoweri K. Museveni on 12th August 2013.
Overall physical progress of works is estimated at 94.9%. The Uganda government is funding 15% of the USD1.7 billion project while the Chinese Exim Bank lent 85% of the remaining cost to Uganda.
Construction of supporting transmission lines, namely the 400kV Karuma – Kawanda line, 400kV Karuma – Olwiyo line and the 132kV Karuma – Lira line are simultaneously ongoing by Uganda Electricity Transmission Company Limited (UETCL).
President Museveni on September 4th 2018, told the Forum for China – Africa Cooperation, that with the improved supply of electricity and lower transport costs as a result of government’s massive investment in infrastructure, the rate of return on investment for businesses investing in Uganda will increase from 11% to 15%.
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