IMPACT INVESTING: Umeme braves tough Covid-19 undercurrent, invests UGX49.6 bn, connects 40,000 new customers and unlocks 11.8% electricity demand in HY 2021 Umeme reported that in the first half of 2021, industrial demand grew 13% from new and existing customers, while commercial demand too grew at 13% and domestic customers at 5%. Electricity distributor says it looks to invest a further USD16 million to increase reliability, billing efficiency, service excellence as well as new connections- expected to reach 100,000 by year’s end.
Selestino Babungi, Umeme Managing Director
Despite a tough 2021, marked by a sluggish economy and sticky pandemic-related logistics obstructions on one hand as well as delayed government funding for the free Electricity Connections Policy (ECP), the power distributor has reported that in the first 6 months of 2021, it forged ahead with is its investment agenda, devoting UGX49 billion in improving reliability and connecting new customers.
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