The Uganda Power Forum 2023, organised by the Ministry of Energy and Mineral Development (MEMD) in partnership with GET.transform at this year’s Energy and Minerals Week, brought together key actors in Uganda’s power sector on 15 November, 2023 in Kampala. Representatives from government, private sector, academia, development partners and civil society discussed effective ways to catalyse collaboration, share knowledge among decision-makers, and address the sector’s challenges while embracing sustainability and innovation across the industry.
The power sector plays a pivotal role in realising Uganda’s economic and social development goals over the next decade. Achieving the envisaged levels of progress in line with the national development plans and global targets for access to affordable, reliable and modern energy for all, requires the electricity sector to unlock and ensure sustainable economic growth for the country.
Sector stakeholders like MEMD, the regulator ERA, Uganda’s Electricity Transmission Company (UETCL), Uganda’s Electricity Generation Company (UEGCL), Uganda’s Electricity Distribution Company (UEDCL) were able to share findings on Uganda’s just energy transition, electrification strategies, regulations and key innovative financing for the power sector.
One of the key takeaways during the Forum was the impact of effective policy and regulation on utility performance. Robust regulatory tools can enhance utility performance amidst ongoing power sector reforms while still achieving the targets set under the newly launched Energy Policy 2023 and in compliance with the new regulations set under newly amended electricity Act 2022.