The European Union (EU) has announced 170 million euros (Shs673.2 billion) in financing towards the revamping of Nalubaale power dam.
The financing was announced by Ambassador Jan Sadek, the EU head of mission to Uganda.
According to Ambassador Sadek, out of the 170 million euros, 30 million euros (Shs118.8 billion) will be a grant, with the rest being a line of credit from the European Investment Bank and the French Development Agency.
“Nalubaale and Kiira power plants are critical infrastructure in Uganda’s energy sector. This support will help stabilise the national grid and ensure a reliable power supply,” he said.
Officials estimate that the dam will operate for another 30 years after operating for about 70 years.
Nalubaale Power Station, formerly known as Owen Falls Dam, is a hydroelectric power station across the White Nile near to its source at Lake Victoria in Jinja district.
It is the oldest hydropower station in Uganda, commissioned in 1954. Originally, Owen Falls Dam was designed to generate 150 megawatts. In the 1990s, the station was refurbished to repair the accumulated wear from a decade of civil disorder and hence increased its generation capacity to 180 megawatts.
