On 27 May 2015 the government of Uganda signed a Memorandum of Understanding (MoU) with China Africa Investment and Development Company (CAIDC), calling for a detailed feasibility study that would lead to a Build, Own, Operate and Transfer (BOOT) agreement for the Kiba Hydroelectric Power Project and the associated transmission line works.[2] In July 2017, more than two years from the MoU, with no tangible progress, the Uganda Ministry of Energy and Mineral Development terminated the MoU. If this dam is to be built, a new investor will have to be sourced.[2]
In May 2024, PowerChina, through its subsidiary Sinohydro, indicated willingness to work with the government of Uganda to develop this power station.[5]
Other considerations
The JICA report outlined a possible phased approach, where the power station was to be built over a number of years and commissioned in phases, to conserve resources and avoid building over-capacity.[4]