Museveni meeting the teamof investors

President Yoweri Museveni has stressed that Uganda needs more electricity to boost the manufacturing sector that will in turn provide employment to the country’s growing population.

“We want electricity now especially in the manufacturing sector. Our population is growing and we have to get jobs for them,” Mr Museveni said.

The President was speaking today while meeting a delegation of the Norwegian hydro power investors led by the Chief Executive Officer of SN Power Company Mr. Torger Lien.

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Other members of the delegation at the meeting that took place at State Lodge in Fort-portal included Ambassador Johnny Carson, the Senior Vice President and Head of Exploration in the SN Power Company Mr. Torb Jorn E. Kirkeby_Garstad and the President of Sithe Global, Brian H. Kubeck.

Dr. Kevin K Kariuki, Head of Infrastructure Industrial Promotion Services (Kenya) Limited also attended the meeting.

The investors pose for a group photo
The investors pose for a group photo

SN Power is in the process of taking over the development of Bujagali hydro-power station in Jinja from Sithe Global Company.

President Museveni thanked the Agha Khan group and partners for the initial development of Bujagali hydro-power station that helped in curbing load shedding.

He added that apart from peace and security, development of the railway line and good roads, electricity is another important element in the country’s economic development as it contributes to lowering costs of production and doing business in general.

Mr Museveni assured the Norwegian investors of a conducive investment environment in the country as well as government’s support to their venture.


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