Uganda’s electricity generation sector showcased robust performance and ambitious plans for renewable energy expansion at the Uganda Electricity Generation Company Limited (UEGCL)’s 15th Annual General Meeting (AGM), held on Thursday, December 4th, 2025, in Kampala.
The meeting, which was chaired by the Minister of Energy and Mineral Resources (MEMD), Hon. Ruth Nankabirwa and attended by representatives from the UEGCL, led by the Executive Director, Dr. Eng. Harrison Mutikanga, affirmed the sector’s strong trajectory towards energy security and sustainability.
According to Hon. Nankabirwa, UEGCL reported exceptional financial results, demonstrating sustained operational excellence across its generation assets.
Financial Resilience and Operational Excellence
During the meeting, UEGCL announced remarkable financial gains for the period, underscoring its efficiency and stability.
Revenue Growth: UEGCL achieved a 40% growth in revenue, reaching a total of Shs492 billion. This significant increase is a direct result of optimised performance across all generation facilities.
Strengthened Equity: The Minister noted that the company’s equity base has been substantially strengthened, now standing at Shs1.54 trillion, reflecting its improved financial health and capacity for future investment.
Key Milestones Driving Energy Security
The AGM highlighted several strategic milestones that are crucial to enhancing Uganda’s generation capacity, reliability, and renewable energy mix, some of which include:
Nyagak III Small Hydro Power Project Commissioning
The commissioning of the 6.6 MW Nyagak III (SHPP) was a key achievement, specifically boosting energy access and reliability in the remote West Nile region.
Floating Solar Project Progress
Dr. Eng. Mutikanga revealed to the Minister that UEGCL is making steady progress on Uganda’s first-ever floating solar project on the Isimba reservoir. This project, he noted, represents a bold step in expanding the country’s renewable energy mix and optimising existing infrastructure.
He also revealed that the crucial Nalubaale–Kiira Rehabilitation Programme continues to advance.
“This project ensures the long-term efficiency and reliability of Uganda’s foundational hydro generation facilities, which are essential for national energy supply,” he stated.
While delivering her remarks, Minister Nankabirwa stated that as the shareholder ministry, the Ministry of Energy and Mineral Development (MEMD) reaffirms its commitment to driving the necessary investments, innovation, and reforms required to solidify Uganda’s energy sector.
“The government maintains that its strategy is focused on building a resilient, sustainable, and future-ready energy system for all Ugandans,” the Minister said.
She noted that by focusing on operational efficiency (as seen by the 40% revenue growth) and strategic renewable expansion (like the floating solar project), the sector is positioning itself to be a primary catalyst for the country’s social and economic transformation.