Kampala — The Bujagali hydroelectric project is the cheapest power project in Uganda compared to other options, according to the Economic and Financial Evaluation Study.

The study was carried out by an independent consultant appointed by the International Finance Corporation.

The report, which is available on the World Bank website, covered all relevant aspects required to arrive at such a conclusion including electricity demand forecast, hydrology scenarios and power generation, least cost generation expansion plan and impact on electricity tariffs.

On tariffs, the report concludes that; "After the commissioning of Bujagali in 2011, the average cost of supply to end-users should drop by up to 10 per cent compared to prevailing prices in constant money terms."