The Uganda’s Energy Sector demonstrates unprecedented growth through its major oil and gas developments together with rising renewable energy projects.
UCEM established the Energy Convention 2025 as the upcoming event set for April 29-30 at Kampala Sheraton Hotel to sustain current energy sector momentum.
Industry leaders together with policymakers and investors will attend this major event to develop strategies for sector integration along with capital investment and local industry growth while using digital technologies for efficient operations.
The pursuit of sustainable development drives Uganda through its convention theme about integrating “Oil Gas and Renewable Energy for A Sustainable Future.” The Tilenga and Kingfisher projects operated by TotalEnergies and CNOOC have been advancing speedily in the oil and gas sector.
The Petroleum Authority of Uganda (PAU) indicates that Tilenga is at 45% completion because drillers have drilled more than 90 wells and Kingfisher stands at 58% completion because drillers have drilled 13 wells.
The East African Crude Oil Pipeline (EACOP) continues to make impressive progress because it extends across 1,443 kilometres of distance. EACOP stands as a vital part of Uganda’s oil export strategy because it has acquired more than 99% of needed land and its engineers have finished extensive pipeline welding. The national GDP will increase by 9% because of this project and it will generate more than 160,000 job positions.
Renewable energy development in Uganda is experiencing rapid growth at the same time. The launch of the Karuma Hydropower Project at 600 MW strengthened Uganda’s overall installed power capacity to exceed 2,000 MW.
Uganda has established plans to construct more hydropower plants along with solar energy installations which will expand renewable energy capabilities up to 4,575 MW by 2040.
Humphrey Asiimwe, the UCEM CEO, delivered his remarks on local content maximization at the February 28 press conference held at the Kampala Sheraton Hotel.
The oil and gas sector contracts amounting to US$2.1 billion have been awarded to Ugandan companies while 15,000 people are employed in the industry with specialized training provided to more than 7,000 workers.
The growth of the oil and gas sector depends on significant private sector involvement through increasing FDI and the development of PPPs. The oil and gas sector requires predicted expenditures ranging between $15 billion to $20 billion.
The energy convention serves a vital purpose for Uganda’s future energy development according to Aggrey Ashaba who leads the Uganda Chamber of Mines and Petroleum.
According to Derrick Rukare who serves as corporate secretary of Wagagai Mining (U) Ltd the remarkable progress Uganda has made in energy development will draw additional investments through the upcoming convention.
The Energy Convention 2025 will focus on four main areas which consist of combining power generation methods together with investment opportunities local market development and public-private partnerships.
Businesses receive branding opportunities through sponsorship and exhibition spaces that facilitate networking and leadership exposure in the Energy Convention 2025.
The convention stands as a critical event for Uganda’s energy sector that reveals national energy opportunities while creating strong partnerships for developing sustainable power systems.
