Energy capacity to increase to 50,340 Megawatts by 2040 

By : Hason Mutunzi Bwambale 

Uganda’s government has devised an ambitious strategy to significantly increase the country’s energy capacity in the coming decades. The plan, passed by the Cabinet, aims to raise Uganda’s current energy capacity of 1781 megawatts to 52,340 megawatts by 2040. This announcement was made by Minister of Energy Nankabirwa Ruth Ssentamu during the second day of the East Africa Trade and Investment Forum at the Kampala Serena Conference Centre.

Speaking at the event, Minister Nankabirwa highlighted the significance of this strategy, emphasizing the government’s commitment to meeting the growing energy demands. The ambitious target set by the Cabinet reflects Uganda’s aspirations to harness its energy resources and drive sustainable economic development. This increased energy capacity will power homes, industries, attract foreign investment, and drive job creation.

The East Africa Trade and Investment Forum, currently taking place in Kampala, is attended by industry leaders, policymakers, and investors from across the region. The forum provides a platform for discussing and promoting economic cooperation among East African countries. The event is among several side events for the Non-Aligned Movement (NAM) summit, demonstrating Uganda’s efforts to foster fruitful regional partnerships and attract foreign investment.

The highlight of the East Africa Trade and Investment Forum will be President Kaguta Museveni’s presence, expected to grace the event. His attendance demonstrates the government’s strong support for business and investment initiatives, underscoring the importance of this gathering in promoting economic growth and development in the region.

The ambitious energy strategy unveiled by Minister Nankabirwa aligns with Uganda’s vision for sustainable economic transformation and prosperity. By diversifying energy sources and increasing capacity, Uganda aims to satisfy domestic energy needs and become a potential energy exporter in the future. Implementing this strategy will contribute to Uganda’s overall development goals, improving living standards, creating job opportunities, and attracting global investment.

As the East Africa Trade and Investment Forum continues, participants will engage in discussions and explore opportunities for collaboration within the region. Investments in energy infrastructure, renewable energy, and power generation technologies are expected to be key focus areas. The successful realization of Uganda’s energy strategy will require the support and partnership of regional governments, international organizations, and private sector stakeholders.