Contributing to Development
Bujagali Energy Limited has produced substantial benefits for the Ugandan national economy and local communities near the site. In addition to direct benefits; new jobs, lower electricity costs, reliable power, the project has stimulated increased economic activity, producing important “macro” benefits for Uganda.
The project’s principal macro benefits for Uganda include: New supply of clean, reliable energy, Eliminate government subsidies for power production, Reduced electricity rationing, Increase in economic investment and national income, Reduced trade deficit and need to import oil products, Support for rural electrification programs, and Income from the sale of carbon credits.
Bujagali Hydro Power Clean Development Mechanism (CDM) Project
The project was successfully registered by the UNFCCI under the Clean Development Mechanism on 29th December 2011.
The verification established that the monitoring system complied with CDM thereby securing the credibility therefore allowing the issuance of Carbon Emission Reductions. Once issued the CERs are retained in a CDM registry account and are traded via the EU Emissions trading system. The registered participants are Bujagali Energy Ltd and Ministry of Energy and Mineral Development.
At Bujagali Energy Limited (“BEL”), environmental stewardship is core to our business. We fully appreciate the importance of the Victoria Nile River and its environs as an invaluable natural resource.
Thus we are committed to preserving and enhancing the area near the hydropower project for sustainable development of the current and future generations.
BEL proudly serves several villages and the surrounding host communities and Corporate Social Responsibility (CSR) is at the core of our business. At BEL, CSR is part of our commitment to establishing sustainable communities.
Following are key focus areas we have worked to improve our communities namely; Environmental Sustainability, Education, Health, and Livelihood Development.