UEGCL Annual Report 2024

The UEGCL 2024 Annual Report highlights a landmark year for the company, marked by the commissioning of the 600 MW Karuma Hydropower Plant. With a total installed capacity of 1,213 MW, UEGCL manages key assets including Karuma, Isimba, Nalubaale-Kiira, and Namanve power plants, covering nearly 59% of Uganda’s national capacity. The report details strong financial performance, including a 60% increase in profit after tax and growth in assets and equity, and outlines strategic goals such as expanding capacity to 1,317 MW by 2028, diversifying the energy mix with solar, geothermal, and wind, and advancing sustainability and quality standards across operations.