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The long-running standoff between Umeme and the Uganda Electricity Transmission Company Limited (UETCL) over a UGX 594 billion debt has once again thrown Uganda’s power sector into turmoil, exposing deep financial fissures in the country’s electricity value chain. In an exclusive response to the CEO East Africa Magazine, UETCL maintains that the UGX 593.5 billion in question represents verified receivables accumulated from energy sales to Umeme under the Power Sales Agreement (PSA), which governed the purchase and distribution of electricity throughout the company’s 20-year concession. According to the transmission utility, the figure audited and confirmed by the Office of the…
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Energy Ministry Permanent Secretary Irene Batebe has confirmed that the Auditor General’s report on Umeme’s buyout amount will be released next week, just a few days to the expiry of the power distributor’s 20-year concession. “Please note that Umeme is a going concern and till the last day of the concession, they [Umeme] could make an intervention on the network. The Auditor General is largely done but must factor all this in the final report expected by 28th, March,” Batebe told the CEO East Africa Magazine. According to the Investopedia website, the term ‘going concern’ in accounting refers to a…
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Across the globe, countries are pushing towards energy transition and sustainable energy production. Uganda has not been exceptional and a lot has been achieved but the country continues to push towards attainment of 52 gigawatts of electricity by 2040, which has made Uganda’s energy sector a key focus area. And behind this push are a number of women who have broken into a largely male-dominated sector. Ruth Nankabirwa | Minister of Energy Dr. Ruth Nankabirwa Ssentamu wields influence in the energy sector as Uganda’s Minister of Energy and Mineral Development, a position she has held since June 2021. She holds…
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The handover of Umeme licenses for the sale and distribution of electricity to Uganda Electricity Distribution Company Limited (UEDCL) has put the country’s energy sector into sharp focus, especially with…
Uganda’s Energy Ministry Permanent Secretary, Irene Batebe has, in an exclusive interview with the CEO Magazine, revealed that government is on course with Dubai- based Alpha MBM Investments to have agreements signed ‘soon’ for the financing and construction of the oil refinery at Kabalega Industrial Park in Hoima District. The government oil refinery investment deal is under the belt of Uganda National Oil Company (UNOC) which handles the country’s commercial interests in the petroleum sector. Tony Otoa, the UNOC Corporate Affairs Director said the details of the deal will be shared after financial closure, dismissing reports of an online article…
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Ms. Irene Batebe is a chemical/ process engineer and holds a Bachelor’s Degree in Chemical and Process Engineering from the University of Dar es Salaam (Tanzania), a Master’s in Advanced Chemical Engineering majoring in Refinery Design and Operations from the University of Manchester, United Kingdom and a Master’s in Mechanical Engineering specializing in Sustainable Energy Engineering from the Royal Institute of Technology – KTH, Sweden. Having worked at the Energy Ministry for close to two decades in the areas of Energy and Petroleum, Batebe remains a crucial asset with her vast experience in leading negotiations for key oil agreements, and…
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Chinese lenders are open and willing to discuss financing for the East African Crude Oil Pipeline Project (EACOP), the Chinese Ambassador to Uganda, H.E. Zhang Lizhong, has told Uganda’s President Yoweri Kaguta Museveni. The Chinese envoy to Uganda, together with Ambassador Xue Bing, the Special Envoy for the Horn of Africa Affairs of the Chinese Foreign Ministry were meeting Mr. Museveni on April 4th, 2024, at his Kisozi Farm to convey a special message from the President of the People’s Republic of China, His Excellency Xi Jinping. According to a statement released by Uganda’s Statehouse, H.E Xi Jinping in a…
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2024 will be a defining year for Uganda’s oil sector with several investment deals to be inked as the oil project nears its first oil in 2025. Noteworthy is that…
Ms. Irene P. Batebe, the new Permanent Secretary of the Ministry of Energy and Mineral Development (MEMD) is a former Commissioner/Midstream in the Directorate of Petroleum in the Ministry of Energy and Minerals. The ministry has a mandate to establish, promote the development, strategically manage and safeguard the rational and sustainable exploitation and utilization of energy and mineral resources for the social and economic development of Uganda. Pursuant to this mandate, the ministry, is responsible for providing policy guidance in the development and exploitation of the Energy, Mineral, Oil and Gas resources of the of the country. It is also…
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The Ugandan Minister of Energy and Mineral Development Ruth Nankabirwa has called on the youths to take advantage of different training projects and acquire skills needed to get jobs in the country’s Oil and Gas industry. While speaking at the handover ceremony for completed access road, completed police station and new site for construction of market stalls and community centre at Kakaboga resettlement village, Buseruka sub-county, Hoima district on August 13, Nankabirwa said: “I especially urge the young people to take advantage of the different vocational training projects at St Simon’s Vocational Institute, Buhimba Technical College and Uganda Petroleum Institute…
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