Ugandans will benefit from significant price discounts in order to access various clean and modern energy solutions
Kampala, Uganda – December 02, 2024
The Uganda Energy Credit Capitalisation Company (UECCC) will officially launch the Price Subsidy Program (Results Based Financing Facility) for Clean Energy Technologies on Thursday, 5th December 2024.
UECCC is the implementing Agency of the Financial Intermediation Component of the Electricity Access Scale Up Project funded by the World Bank and the Government of Uganda. The Price Subsidy Program (Results Based Facility) is one of the programs under the Financial Intermediation Component.
The Price Subsidy program will address the affordability barrier associated with the upfront cost of acquiring Clean Energy Technologies by households and enterprises.
Ugandans are set to benefit from price discounts for eligible clean energy technologies.
Specifically, prices for off grid solar systems for lighting, charging and Productive Use of Energy (PUE) as well as Clean Cooking technologies will be discounted:
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- Solar lantern prices will be discounted by 60% and the prices for Solar systems with two lights will be discounted by 50%,
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- Clean cooking solution prices powered by solar, briquettes, ethanol, biogas and liquefied petroleum gas will be discounted by 30%-50% depending on the technology.
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- Productive uses of energy equipment such as water pumping, irrigation, refrigeration and cooling, water heating and grain milling will have prices discounted by 60%.
To date, UECCC has partnered with sixty-seven (67) Energy Service Companies (ESCOs). The selected Companies will use market-based approaches to deliver the price discounts to Ugandans and refugees. The UECCC and World Bank pre-selection of Companies is to ensure that only companies that supply quality products certified by Uganda National Bureau of Standards (UNBS) can participate in the program. The list of participating companies is expected to grow as more companies express interest to participate. The companies have been selected to ensure a wide geographical outreach across Uganda. ESCOs that register sales in the remote areas of Uganda will also qualify for incentives. More information on this is available on our website https://www.ueccc.or.ug/
The Program aims to enhance access to electricity most especially in the rural and remote areas of Uganda. “We are committed to imploring every Ugandan to embrace the program and access clean, reliable, affordable and sustainable energy,” said the UECCC Managing Director, Roy Nyamutale Baguma.
Baguma added that the only requirement to purchase the discounted products from the selected ESCOs will be a National Identification Card and ability to cover the discounted price. Households will be able to take their products home immediately.
UECCC intends to undertake countrywide regional sensitization and market awareness activities to ensure maximum publicity of this initiative.
This Project will significantly contribute to socio-economic transformation and improved livelihoods in Uganda. We look forward to working with all the key stakeholders within the Renewable Energy Eco System to ensure that this program is successfully implemented.
Ends.
About Uganda Energy Credit Capitalisation Company (UECCC)
Uganda Energy Credit Capitalisation Company (UECCC) is a Government of Uganda Company in place to catalyse financing for Renewable Energy Projects and increased access to clean and modern energy services.
More specifically, the company was set up to facilitate private sector participation in the financing of Renewable Energy (RE) development through provision of financial and technical support which addresses barriers inhibiting effective private sector participation in the financing of Renewable Energy projects and programs.
The Company is well positioned to pool resources from Government and Development Partners and to channel the same to catalyse financing for the development and implementation of RE Projects and Access Programs.
The Company uses limited public resources to leverage private sector participation in the financing of Renewable Energy Projects and Access programs.
The Company’s interventions are designed to respond to Government policies (including the NDP3, Upcoming NDP IV, SDG7) and priority programs towards increased access to electricity for lighting, clean cooking and Productive Uses of Energy.
For more information, please contact Lilian Rebeccah Akullo-Communications Specialist (lakullo@ueccc.or.ug) or John Brian Menya-Marketing Specialist-EASP (jbmenya@ueccc.or.ug) or visit our website at www.ueccc.or.ug
Featured on:
NTV: https://www.ntv.co.ug/ug/news/sports/gov-t-launches-price-subsidy-for-clean-energy-solutions-4844006#google_vignette
Nile Post: https://nilepost.co.ug/news/230455/govt-to-launch-shs400bn-clean-energy-subsidy-program
Nexus Media: https://nexusmedia.ug/uecccs-price-discounts-on-clean-energy-technologies-to-address-affordability-issues/
