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UGANDA RECEIVES US$ 14m TO EXPAND ITS POWER SECTOR.
Uganda will expand its power sector with the US$ 14m loan from India.
The loan would be extended to Kampala to build electricity transmission lines and substations. The sector’s financing gap is currently more than US$ 500m on the downside. The gap is due to faulty sections of the country’s power supply network.
The country is open to any investment in the power sector. Hence the need for funds to repair old facilities and construction of new distribution lines. The Indians are very active in construction of many electricity sub-stations in various parts of Uganda.
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Uganda and India’s relations date back to the 19th Century when Britain shipped a large number of Indians into East Africa to build a railway from the Indian Ocean coast into the hinterland and terminating in Uganda’s west.
The targeted investments in the energy sector is likely to raise India’s profile in the area, after years of regular participation by Indian contractors in the construction of electricity sub-stations located across Uganda.