Uganda Electricity Generation Company Limited (UEGCL) has recorded a 40% increase in revenue, reaching UGX 492 billion, strengthening its equity position to UGX 1.54 trillion, and delivering exceptional operational performance across all its power plants.
The company announced this during its 15th Annual General Meeting (AGM) held on Thursday, December 4, 2025.
At the AGM, UEGCL presented its audited financial statements to its shareholders — the Ministry of Energy and Mineral Development (MEMD) and the Ministry of Finance, Planning and Economic Development (MoFPED).
UEGCL Board Chairperson, Eng. Proscovia Njuki, highlighted the year as a transformational one for the company.
The AGM also showcased several key strategic milestones, including the commissioning of the 6.6 MW Nyagak III Small Hydropower Plant (SHPP), progress on Uganda’s first floating solar project on the Isimba reservoir, and continued advancements under the Nalubaale–Kiira Rehabilitation Program.
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