(Ecofin Agency) - Uganda concluded with China National Nuclear Corporation (CNNC), an agreement under a MoU to develop about 2,000 MW of nuclear power plants within 10-15 years.
The signing of this agreement is part of Uganda’s Vision 2040 roadmap aimed at incorporating nuclear energy into the energy mix as to lower energy cost.
Indeed, the 11 cents per kilowatt-hour currently applied in the East African country is one of the highest tariffs within the region. This situation added to the grid weakness slows the increase of energy rate which is currently at 30% despite a surplus estimated at 750 MW.
Gwladys Johnson Akinocho