Uganda’s economy, like others in Africa, has been constrained by inadequate electricity supplies. Until recently, average load-shedding in Uganda was 12 hours per day. The load-shedding undermined the competitiveness of Uganda’s economy by stifling industrial growth, constraining the growth of employment and hampering the government’s poverty reduction efforts.
It is within this context that the Aga Khan Fund for Economic Development (AKFED), Sithe Global (a company majority-owned by investors of Blackstone) and the Government of Uganda created the Bujagali power plant. The plant, which currently meets nearly 50 percent of the country’s energy needs, is currently capable of meeting both the system’s suppressed demand and organic growth.