Uganda in secret plan to buy back Bujagali hydropower project from investors
An aerial view of the Bujagali hydropower dam. The dam produces 250MW of power. PHOTO | FILE
The government of Uganda is quietly exploring plans to buy back Bujagali dam, a major hydroelectricity project, from a consortium of private investors and developers in a move that would constitute a major reversal in public policy.
According to documents seen by The EastAfrican, the proposal to acquire the 250MW dam is driven by a need to reduce the cost of power it generates and to increase government market share in the electricity generation market.
