President Yoweri Museveni has expressed concern over the high cost of electricity, which he says will not come down until the African Development Bank loan is fully paid.
The President was yesterday meeting the Bank’s President Akinwumi Adesina at the sidelines of the 28th Ordinary AU summit of Heads of States and Governments in Addis Ababa, Ethiopia.
The Presidents’ concern follows reports by Ugandan manufacturers and other big businesses that have complained of the high cost of electricity in the country, which they say makes their products uncompetitive in the region.
Uganda is developing two more hydropower dams, Karuma and Isimba, on the Nile with a combined capacity of 780 MW.
Akinwumi in his response gave full assurances to government that it will provide affordable electricity to all Ugandans.
President Museveni said he would brief cabinet and send official communication on the matter.
