President Yoweri Museveni has today commissioned the 183MW Isimba Hydro Power Dam bringing the National electricity generation capacity to 1,167MW.
In his speech, the President called on Ugandans to take advantage of the reducing costs of production to engage in income generating activities that would in turn improve their livelihoods.
“Infrastructure is a country's wealth, but it is not important if you remain poor. For example, those with land should practice commercial farming and use the roads to transport products.” The President advised.
He announced plans by government to offer low interest rates through the Uganda Development Bank to citizens engaged in the hospitality (hotels) industry, manufacturers, farmers, and those in the tourism industry.
“The big challenge now is the banks which lend money at high interest rates. Because the idea is to spur growth, this money will only be available to those who are helping us generate revenue not those importing products from abroad.” He stressed.
Mr. Museveni decried the act by some people of frustrating government efforts of infrastructural development.
“Then some greedy people went to court fighting for the rocks used for the project yet they had already been compensated for this land. Their aim was to stall this project. What kind of greed is that? Even if it is your land, if government wants to do something to benefit the rest of the Ugandans, do not frustrate the work. We will pay you your worth, do not try to take advantage of your government.” Museveni said.
The President thanked the Chinese government for the support rendered to Uganda towards the successful completion of the project.
“The Chinese government are our and Africa’s reliable partners. Ugandans can expect more electricity because we still have other dams to build in Ayago, Uhuru and Kiba.” He said.