Fuel Players Set Terms for Storage Facilities
02.10.2020 - NEWS

February 10, 2020 [Daily Monitor] – Fuel distributor, Vivo Energy, has welcomed government’s initiative to construct fuel storage terminals meant to channel inland fuel products through Lake Victoria saying it could mean reduced cost of doing business as well as curtailment to end user costs on fuel.

 

The fuel company, however, highlighted terms that need to be addressed before any activity can take place.
 
“There are quite a number of constraints that these operators and developers have to overcome for us to be able to work with them. Because our standards when it comes to environmental protection and oil spills are very stringent,” Mr Gilbert Assi, managing director Vivo Enegry Uganda, says adding that; already, the company is engaging government to inform them of their needs if they are to use the facilities.

 

Uganda, through a consortium of investors, Mahathi Infra Uganda Limited, is nearing completion of the 70m-litre fuel storage tanks at Kawuku on the shores of Lake Victoria.

 

The $270m fuel storage tank is expected to be commissioned this year in April.

 

According to the Parliamentary Committee report on Natural Resources on the ministerial policy statements and budget estimates for the FY2019/20, Uganda still relies on fuel stocks from the 30 million-litre Jinja-based storage facility and other privately owned facilities for her fuel requirements.

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