Government Works with IPS and International Green Hydrogen Experts to Produce Fertilizer
The Ugandan government has inked a Joint Development Agreement for a green hydrogen-based fertilizer plant with Industrial Promotion Services (Kenya) Limited (IPS) and Westgass Internasjonal AS (Norway) in an effort to support sustainable agriculture and lessen dependency on imports.
TotalEnergies reports record annual profits of $21.4 billion
The massive French energy company TotalEnergies said on Wednesday that its 2023 profit hit a record-breaking $21.4 billion, up 4% from the year before. good results in its power and liquefied natural gas businesses, together with significant investments in the extraction of fossil fuels, were credited for the company’s good success, despite criticism and ongoing court challenges regarding its environmental practices.
Karuma Hydropower Project Finishes Connecting to the Grid
The final of the six units of the Karuma hydropower project has been successfully connected to the national grid, according to a statement released by the Uganda Electricity Generation Company Limited (UEGCL).
Uganda Wants All People To Have access To Electricity By 2030
The $638 million project, co-funded with the World Bank, was introduced in Mitooma District on February 2, 2024. Its goal is to improve energy availability for homes, businesses, and institutions by using both grid and off-grid connections.
Government to Tighten Up on Fuel Stations That Don’t Comply
The Uganda National Bureau of requirements (UNBS) and the Ministry of Energy and Mineral Development will work together to perform operations against fuel station operators who disobey established requirements
The Port Pivot in Uganda Portends Difficulties for Kenya’s Oil Sector
According to reports, since October 2023, Kenya has lost $200 million in exports to Uganda, its biggest regional market. This disclosure coincides with a growing controversy over the importation of petroleum products, which jeopardizes not only the two countries’ commercial relations but also large infrastructure expenditures.
The government wants to take over Umeme concession with a loan of Shs2.92 trillion
The government has declared its plan to obtain a big loan totaling Shs2.920 trillion, marking a significant financial move. This large loan is being taken out in order to make the proposed acquisition of the Umeme concession possible.
Uganda’s Oil and Gas Sector Prepares for Production
The Minister of Energy and Mineral Development, Ruth Nankabirwa, is the conductor of this grand symphony. Her latest briefing revealed a thorough update on important projects, signifying a turning point in the country’s quest for energy riches.
The EACOP Construction Budget Increases to $5 Billion
According to Ruth Nankabirwa, Uganda’s Minister of Energy and Minerals, the East African Crude Oil Pipeline (EACOP) construction cost has increased to $5 billion from the original estimate of $3.5 billion.
Uganda Chooses Dubai Company for Project of $4 Billion Oil Refinery
Uganda is seen by Alpha MBM Investments LLC as a “untapped market with the potential to create opportunities where none were perceived