Energy Sector Expansion in Uganda
- The Trade Adviser
- Oct 8, 2024
- 1 min read
Updated: Jun 10
Uganda is on a journey to expand its energy sector, aiming to meet the growing demands of its population while also focusing on sustainability. The country has immense potential in renewable energy sources and is working towards a comprehensive Energy Transition Plan. This article explores the current state of Uganda's energy market, its renewable resources, and the future outlook of its energy sector.
Key Takeaways
Uganda's energy market is shifting towards renewable sources, with electricity projected to be the main energy source by 2050.
The country has significant potential for solar, hydro, and geothermal energy, making it a leader in renewable energy.
The Energy Transition Plan aims for universal access to electricity and cleaner cooking solutions by 2030.
Investment in the energy sector is crucial, with a need for increased private sector involvement to meet financial goals.
Regional cooperation and international partnerships are essential for Uganda to become a key energy supplier in East Africa.
