UEGCL Annual Report 2021

The UEGCL 2021 Annual Report outlines the company’s financial performance, operational achievements, and strategic progress toward its “Roadmap 1300” goal of generating 1,300 MW by 2023. Revenue increased by 5% to UGX 169.7 billion, with profit after tax surging to UGX 91.9 billion (largely due to foreign exchange gains), and total assets valued at UGX 7.0 trillion. Key operational highlights include the Isimba HPP, nearing completion of Karuma HPP, ongoing small hydropower projects, and preparations to take over the Nalubaale-Kiira complex. The report also emphasizes diversification into solar, geothermal, and thermal energy, automation through a CMMS, and workforce expansion to support sustainable growth and energy security in Uganda.