Museveni launches sugar firm, Isimba dam
Posted Monday, October 7 2013 at 01:00
Kaliro/Kayunga- President Museveni has cautioned the Uganda Investment Authority against allocating new sugar factories in areas where there is an already established player.
The President also warned local leaders against making resolutions allowing the setting up of sugar factories close to one another.
He made the remarks on Friday in Kaliro District at the official opening of Sugar and Allied Industries at Bwayuya village in Namugongo Sub-county.
He said all licences for new sugar factories in the country should be handled in line with the National Sugar Policy as passed in the Constitution.
The sugar policy requires that a new sugar factory should be set up in a radius of 25km from the existing factories in addition to evidence that the proprietors have at least 500 acres of sugar cane plantations to start with.
The President hailed Kaliro residents and leaders for not resisting the construction of the sugar factory in their area.
The factory managing director, Mr Abid Alam, said they have so far invested $52 million (about Shs132 billion) at the factory that also produces 10MW of power.
Isimba Dam launched
He also said they have plans of increasing their financial investments up to $150 million (about Shs382b).
Meanwhile, the President on Saturday launched the construction of the 183MW Isimba Hydro Power Dam at Isimba Falls on river Nile in Busaana Sub-county, Kayunga District.
The project, to cost about Shs1.2 trillion, will be located 40kms downstream from the newly-constructed Bujagali Hydro Power Dam and will be funded by the Chinese’s Export and Import Bank.
The project, which is expected to take 40 months to complete, will be constructed by China International Water and Electric Corporation.
Speaking during the function held at Nakakandwa Primary School, a few kilometres from the construction site, President Museveni said the government was committed to ensuring sufficient electricity supply in the country, which he said is vital for development of Uganda’s economy.
Mr Museveni said more dams like Karuma, Ayago and Olyang are to be constructed to increase electricity supply in the country.
“A total of 2,867 hectares of land are required for the dam and reservoir. All affected residents will be compensated,” he said.