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The President argued that low electricity tariffs and low cost of transportation of goods and services are key components for propelling the Ugandan economy to the upper rungs of middle-income status.

“If you want a modern economy, you must handle the four sectors as I have told you but in order to modernise these sectors, ensure low costs of electricity. Have cheap, reliable and affordable electricity,” he said yesterday at the commissioning of Karuma power plant in Kiryandongo District.

His remarks followed a revelation that electricity generated from the dam would be charged to consumers at 4.78US cents/kilowatt-hour compared to those from the other hydropower dams currently at an average of 6.47 cents/kW-hr.

“When we are here at Karuma, we are dealing with strategic stimuli, a reduced cost of electricity to spur development, I don’t want to hear anybody say again that we now have enough electricity; we need more investments in the electricity sector, " he stated.

“I am part of the happiness which the people are showing, the Karuma electricity is much cheaper than Bujagali hydropower dam, and the one of Bujagali was done by some careless people behind my back,” he added.

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