19 September 2012

East Africa: Energy Ministry Nominated for Prestigious Award

Uganda's ministry of energy and mineral development (MEMD) has been nominated for the World Finance Public Private Partnership Awards 2013.

Alex Reid, the executive director World Finance which is organizing the awards, said the nomination has been awarded for the work on the 250 MW Bujagali Hydropower Project public-private partnership developments for excellence and innovation in the pre-delivery phases.

"It is considered by the judges as an 'exemplar of good practice' and accordingly is in a very strong position to win," he stated.

"I am delighted to confirm that MEMD have been put forward to the final appraisal stage of the World Finance Public Private Partnership Awards 2012, Best Green PPP Middle East and Africa 2013 and Best Government Advisor PPP Middle East and Africa 2013."

The Public Private Partnership Awards 2012 showcase the most important work underway globally in Public-Private Partnerships, demonstrate 'best practice' and examine the top performers to ensure the winners are awarded the World-class status they deserve.

The programme will appraise the various international models of PPP, looking at partnerships of varying size and at varying stages of realisation.

It will also examining the exhaustive work of central and regional governments, private sector project sponsors, risk managers, legal advisors, and financiers; through an in-depth analysis of all the key contributors and components that help shape the global landscape of partnership cooperation.

In 1999, Uganda underwent major power reforms with the unbundling of the then state power utilitiy, Uganda Electricity Board (UEB) into three separate entities of generation, transmission and distribution.

Since then, legal as well as institutional framework has been put in place to provide a conducive environment for interested to do business in Uganda.

"This (award) is the in recognition for our commitment of ensuring that there is enabling investment climate for the private sector," Eng. Irene Muloni, the minister of energy and mineral development, stated.

"We know that the private sector is very important in ensuring that Uganda meets its energy needs. Whatever we do is in accountable and transparent manner."

Indeed, Uganda offers excellent investment opportunities in the energy sector and investment in this sector is priority number one for the government.

"We hope that the Public Private Partnership Awards 2012 will serve as the de facto point of reference for NGOs, private sector firms and investors seeking the very best investment opportunities in public services; and provide for governments a 'road map' to the best performers in the private sector," Reid said.

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