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Auditor General Warns Karuma Hydro Power Plant May Struggle with UGX 5.3 Trillion Loan

HYDRO POWER

The Auditor General has raised concerns that the Karuma Hydro Power Plant may struggle to repay its UGX 5.3 trillion loan from EXIM Bank of China, as it generated only UGX 148 billion in the 2024/25 financial year—46% of the projected UGX 316 billion. This revenue shortfall is attributed to low electricity demand, stemming from the government's emphasis on low-cost power generation.

Auditor General Warns Karuma Hydro Power Plant May Struggle with UGX 5.3 Trillion Loan
Jan 31, 2026, 5:42 PM

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