Uganda is seeking $3.5-billion in private investment to expand its power-transmission network in attempt to curb spending without slowing its economic growth. Liberalizing transmission will provide additional resources needed to transmit power from new generation projects including the 600 MW Karuma hydropower plant scheduled to start output in December, according to the electricity regulator. The capital injection, above the nation’s current foreign reserves of $3.3-billion, would boost President Yoweri Museveni’s aspiration of turning the prospective oil producer into an upper-middle income country by 2040.