Data from Bank of Uganda indicates that between February 2021 and January 2022, earnings from electricity exports increased to Shs138billion compared to Shs74billion earned in the same period ended January 2021.
Uganda earned Shs138billion from electricity exports in the year ended January 2022, according to details from Bank of Uganda. This was a 46 percent increase from Shs74billion which was earned in the same period ended January 2021.
Data from Bank of Uganda indicates that between February 2021 and January 2022, earnings from electricity exports increased to Shs138billion compared to Shs74billion earned in the same period ended January 2021.
During the period under review, Uganda exported 411,589 megawatts hour (MWh), which was 44 percent higher than the 228,884 MWh that was exported in the same period last year.
Uganda produces more electricity than demanded thus creating a window for the government to explore the export market. However, in his annual report, Auditor General John Muwanga, indicated that during the period ended June 30, the government spent Shs87billion on unused power annually due to failure to evacuate generated electricity, which is unsustainable in the long term.
