Since the signing of the memorandum of understanding with the government of Uganda in May this year at the world economic forum in South Africa; technology powerhouse, Siemens has identified great opportunities in areas of collaboration.
Speaking Wednesday at the opening panel of future energy Uganda at Sheraton Hotel, Sabine Dall-omo, the CEO of Siemens eastern and southern Africa, said Uganda is still in need of over $2.5billion by 2026 for its massive grid expansion plan for both transmission and distribution to reach local areas according to information from electricity regulatory authority.
This, according to him, is an opportunity for Siemens to invest.
“At a high level, we have identified priority activities to strengthen grid, and create innovative business oriented solutions that are practical, affordable and sustainable to electrify Uganda’s rural areas,” Dall’omo said.
Per say, Uganda has one of the lowest electricity access rates in the globe, with only 22% access to the national grid, and only 7% rural population is able to access electricity.
“We know that a reliable and extensive power supply is a pre-requisite for economic development. While infrastructure and oil and gas investments will be able to help the Ugandan economic on the medium term, there is potential for Uganda to diversify its economy and created opportunities for industrialization that will increase electricity demand, created sustainable growth and opportunities for employments,” Dall’omo noted.
He added: “Siemens is a company that invests in long term and is optimistic about the long term fundamentals of Uganda’s economy. We want to support sustainable development with solutions and projects in Africa. We are currently reviewing requirements for the organization to open an office in Uganda taking in consideration business sustainability,” Concluded Dall’omo.
Uganda’s energy mix is currently generated from three sources; with hydro energy taking the biggest share of about 89%.
Other sources include thermal at +/-22% and biomass at +/-3%.
The country has potential for other sources like peat solar power, wind and natural gas, bagasse cogeneration and many others which Siemens technologies can support.