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Uganda Strikes Gold: Oil, Power, & Billions Flow as Nation Races Toward Energy Supremacy

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Uganda Strikes Gold: Oil, Power, & Billions Flow as Nation Races Toward Energy Supremacy

by Mulengera
1 year ago
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Uganda Strikes Gold: Oil, Power, & Billions Flow as Nation Races Toward Energy Supremacy
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By Isaac Wandubire

Uganda’s energy sector is bearing fruit, promising a brighter future for the country’s economy and its people. From oil drilling in the Albertine region to expanding electricity access across the country, Uganda is on the move.

The country has made significant progress in its oil and gas industry, with the Tilenga and Kingfisher projects advancing steadily.

By the end of 2024, the Tilenga project had drilled 90 wells, while Kingfisher had completed 13 out of a planned 31. The construction of processing facilities and pipeline infrastructure is well underway, bringing Uganda closer to becoming an oil-exporting nation.

The East African Crude Oil Pipeline (EACOP), which will transport Uganda’s oil to Tanzania’s coast, has secured over 99% of the required land. More than 800 kilometers of pipes have been delivered, and welding is progressing both in Uganda and Tanzania.

When completed, this pipeline will position Uganda as a key player in the global oil market.

Uganda is making strides in renewable energy, particularly hydropower and solar. The country recently commissioned the Karuma Hydropower Project, adding 600 megawatts to the national grid.

Plans are also in place for additional hydropower plants, including the 840 MW Ayago project. Meanwhile, solar power is expanding, with new plants in Mubende, Lira, and Madi Okollo.

The government and private sector are working hand in hand to ensure these developments benefit Ugandans. Over 15,000 people are already employed in the oil and gas sector, with 90% being locals. Investments in infrastructure, from roads to electricity grids, are creating jobs and boosting the economy.

To discuss these advancements and future opportunities, Uganda will host the Energy Convention 2025 at Sheraton Kampala Hotel. This gathering of industry leaders, policymakers, and investors will focus on integrating oil and gas with renewable energy for a balanced and sustainable future.

As Uganda moves forward, challenges remain, including ensuring environmental sustainability and maximizing local participation in energy projects.

[He who wants honey must have the courage to face the bees]. And with bold policies and strategic investments, Uganda is on the path to energy security and economic prosperity. (For comments on this story, get back to us on 0705579994 [WhatsApp line], 0779411734 & 041 4674611 or email us at mulengeranews@gmail.com).

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