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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 expressed concerns that the Karuma Hydro Power Plant may have difficulty servicing its 5.3 trillion shilling loan from EXIM Bank of China. The audit report indicates that the plant generated 148 billion shillings in the 2024/25 financial year, which is only 46% of the anticipated 316 billion shillings. This shortfall in revenue is linked to low electricity demand due to the government's focus on low-cost power-generating plants.

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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