The Government Allows Petroleum Exploration in New Frontier Basins
In an effort to bolster the country’s petroleum reserves and develop its infrastructure for oil production, the government has declared the opening of three additional frontier basins for petroleum exploration.
Deputy Speaker Tayebwa: The Mining Sector in Uganda Is Expanding Gradually
Thomas Tayebwa, the deputy speaker of parliament, stated that both domestic and foreign investors are becoming more interested in Uganda’s mining sector, which is expanding gradually.
Complete Electricity Subsidies for Important Industries
Along with his junior minister Evelyn Anite, Minister of Finance, Planning, and Economic Development Matia Kasaija has advocated for the extension of full electricity subsidies to important manufacturing industries.
Milestones in Uganda’s Oil and Gas Sector Are Approaching
According to the Ministry of Energy and Mineral Development, all necessary infrastructure is almost finished, which would allow Uganda’s oil and gas industry to be commercialized.
110 Ugandan Truck Drivers Are Trained by CNOOC In Employable Skills for The Oil Industry
As part of the program, 110 drivers received professional training, certification, and licensing to operate rigid trucks (class CM license) or heavy goods trucks and trailers (class CH license) in compliance with East African community curricula.
President Museveni commissions a new 132kV power line, connecting West Nile to the national grid.
President Museveni recounted that upon the National Resistance Movement (NRM) taking office, Uganda’s only power source was Owen Falls Dam with a generation capacity of 150 megawatts, of which only 60 megawatts were operational due to turbine limitations.
A 28% Share in The Bujagali Hydropower Facility
The acquisition of 100% of Scatec’s subsidiary SN Power, which has interests in renewable hydropower projects in Africa, through a joint venture (51% SN Power) with Norfund and British International Investment (BII) was the result of an agreement between the French fuel giants and Scatec, a Norwegian renewable energy company.
Solar Energy Companies Are Guaranteed A 15% Interest Rate on Loans
All businesses and investors involved in the solar energy industry have been reassured by the Uganda Energy Credit Capitalization Company (UECCC) that UECCC has cash available for loans at a 15 percent interest rate.
Opportunities For Oil and Gas Could Turn Ugandan Smes into Industry Giants
Small and medium-sized businesses (SMEs) have a lot of opportunities as Uganda’s oil and gas industry develops.
Minister Of Energy Charges New PAU Board with Ensuring Oil Flow By 2025
The newly appointed Board of Directors of the Petroleum Authority of Uganda (PAU) has been given a crucial task by State Minister for Energy Okaasai Sidronius Opolot to ensure that the nation starts producing oil by 2025.