Issue 719 - Page 28

UEGCL : Operational costs at Namanve Thermal Plant drop
BusiNess
UEGCL : Operational costs at Namanve Thermal Plant drop
Makerere University Vice Chancellor Prof . Barnabas Nawangwe receives a dummy chaque of Shs150 million from Stanbic Bank Chief Executive Officer , Anne Juuko as a contribution to the University in commemoration of 100 years in service to Humanity . INDEPENDENT / ALFRED OCHWO
By Independent

Operational costs at the state-owned Namanve Thermal Plant could drop by US $ 2.7million per year when producing only seven out of 50MW of electricity compared to the previous private operator-Jacobsen Uganda Power Plant , Uganda Electricity Generation Company Ltd said .

UEGCL , which took over the ownership and operation of the plant in February this year following the expiry of the previous operator ’ s 13-year concession , said the Electricity Regulatory Authority ’ s assessment showed the that new operator is more efficient in electricity generation .
UEGCL CEO Harrison Mutikanga said during the Board of Director ’ s inaugural visit to the plant on May 13 that the tariff as per the generation license is US $ 5cents per MWh for variable costs while fixed costs stands at US $ 7.08cents per MWh for the first three years which will further reduce to US $ 6.24 cents per MWh from the 4 th year to the 20 th year .
“ The rest of the costs are
passed through and they are related to the heavy fuel which is used for the power generation ,” he said .
Mutikanga said UEGCL has put in place rigorous cost controls and competent staff shall ensure that the power plant is maintained on a low-cost operation trajectory throughout the generation license period of 20 years . He said , UEGCL is currently undertaking a detailed technical assessment of the power plant to quantify the actual cost necessary to undertake a number of scheduled unit overhauls and to make improvements on the civil structures and exterior works which shall result into improved plant reliability and safety .
UEGCL Board Chairperson , Proscovia M . Njuki , said the board is impressed with the progress so far made since the takeover of the thermal plant .
The Namanve Thermal Power Plant ’ s monthly net energy production since take-over to date averages 5168.4MWh AT 99.8 % plant availability . The player has a capacity to produce 50.2MW and capable to produce at full load when called upon during emergency .
State Minister of Minerals , Dr . Peter Teko Lokeris and the Ambassador of Sweden Maria Hakansson sign memorandum of understanding focusing on cooperation on development of renewable energy in Uganda
The Executive Director Food Rights Alliance , Agnes Kirabo interacting with Assistant Commissioner Nutrition department at ministry of health , Samali Namukose during the Civil Society Budget Advocacy Group high level meeting on financing for Food Security Nutrition and WASH on March 17 .
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26 May . 20 -26 2022