Uganda Electricity Generation Company Limited (UEGCL) announced a 40% increase in revenue for FY 2024/25, reaching UGX 492 billion, up from UGX 350 billion the previous year. The growth was driven by improved dispatch across its hydropower plants and the first year of commercial operations at the 600 MW Karuma Hydropower Plant.

While Profit After Tax (PAT) stood at UGX 25.02 billion due to higher operating expenses and financing costs, UEGCL’s equity strengthened to UGX 1.54 trillion following government conversion of accrued interest into equity, enhancing long-term financial sustainability.

Operational highlights include:

• 3.63 TWh of electricity generated (+6.7% YoY)

• Average plant availability: 97.7%

• Reliability: 99.6%

• Commissioning of the 6.6 MW Nyagak III Small Hydropower Plant

• Completion of the feasibility study for Uganda’s first 10 MW floating solar project at Isimba Reservoir

• Progress on the Nalubaale-Kiira Rehabilitation Program, extending the complex’s lifespan by 30+ years

UEGCL reaffirmed its commitment to operational excellence, digital transformation, renewable energy expansion, and financial sustainability, aligning with Uganda’s Energy Policy 2023 and the 4th National Development Plan (NDP IV, 2025–2030).

For media inquiries:
Enock Kusasira – Head of Communication and Corporate Affairs
Email: enock.kusasira@uegcl.go.ug | +256 772 462637
Website: www.uegcl.com