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Uganda sets ambitious energy projects by 2010 end
Published in Saudi Press Agency on 04 - 06 - 2009


Ugandan President Yoweri
Museveni announced today that his east African nation
would more than double its energy capacity by exploiting two gas
deposits and completing two hydropower dams by the end of 2010, according to Reuters.
The ambitious targets were set to come to fruition as Uganda
gears up for a national election in 2011, expected to be a hotly
contested poll in which Museveni is likely to stand for another
term.
Museveni is expected again to face opposition leader Kizza
Besigye who hopes to unseat one of Africa's longest serving
leaders.
"Cheap energy and transport will lower the costs of doing
business in Africa and increase competitiveness," the former
guerrilla leader told parliament.
Museveni said Uganda hoped to harness two gas fields for
power generation. The Bujagali dam of 250 MW would come into
operation at the end of next year, and the government would fund
the 700 MW Karuma Falls -- delayed after a European contractor
pulled out -- at a cost of $1 billion.
"We shall fund (Karuma) by ourselves. If other friends come
in, they are welcome, but they must follow our plan," he said to
cheers from lawmakers. Uganda currently generates some 550 MW,
and power shortages remain a hindrance to growth, analysts say.
Investor interest is heating up for Uganda's hydrocarbon
finds -- estimated at more than one billion barrels -- in Lake
Albert where oil companies continue to announce new discoveries.
"The government is now focusing on development of a
refinery," Museveni said. He also told parliament he wanted an
oil pipeline that originates in Kenya to be "reverse flow" to
allow Uganda to export crude.
Museveni said the economy had so far proven resilient in the
face of a global economic slowdown. The average of a Reuters
poll showed the nation would grow 5.5 percent in 2009


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