Uganda’s Tourism Fort Portal City is now assured of more reliable electricity supply after power distributor Umeme sinking investments in network improvement, building switching stations and installing new transformers in the area. Selestino Babungi, the managing director, told stakeholders during the opening of the $200,000 state-of-the-art new regional service centre over the weekend that the company was moving ahead of the electricity demand in the region to create opportunities. “Fort Portal and this region as whole, has so many opportunities as a new city which require building infrastructure to support the growth. We have gone ahead to work with key…
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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. Umeme which accounts for 97% of Uganda’s distribution market share, said that following a government decision in late 2020 to allow self-funding customers to pay for new connections and the resumption of the ECP in March 2021, it had…
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The National Social Security Fund (NSSF) has earned value from the 373,771,921 shares purchased from the power distributor Umeme Limited, NSSf Managing Director Richard Byarugaba has said. Byarugaba was responding to media reports that the Fund lost money as a result of a reduction in Umeme share price. The Fund acquired shares at a unit price of UGX371 while the current share price is about UGX 219. “We invested a total of UGX138.7 billion in Umeme Limited for the 373,771,921 shares. Over the years, we have earned more than UGX65 billion in dividends and coupled with the current market value…
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Umeme has reiterated its commitment of driving distribution efficiencies to ensure reliable and affordable electricity supply to support Uganda’s industrialization drive and access to clean energy. Speaking at the 9th Annual General Meeting (AGM) held on Thursday in Kampala, Patrick Bitature, the Board Chairman, said Umeme’s strategy is aligned with the Government’s electrification agenda outlined in NDP 3, focused on access to clean energy, affordability and reliable supply for industry. “Affordable Electricity tariffs for industry remains a critical input to attract industrial investment in Uganda. We recognized, the current prices reflect the cost structures for electricity generations, transmission and distribution…
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Umeme shareholders have approved a total dividend payout of UGX19.8 billion after endorsing UGX12.2 per ordinary share based on the company’s 2020 performance. The dividend will be paid out on or about July 19th 2021, to shareholders in the Company’s register at the close of business on 25th June 2021. The shareholders also re-elected Patrick Bitature as the Chairman of the Board via the hybrid/ electronic Annual General Meeting held at the Kampala Serena Hotel. Gerald Ssendaula and Florence N Mawejje were also re-elected as directors of the Board. The AGM also approved the annual financial statements for the year-ended…
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Leading power distributor Umeme navigated a challenging year to register profit for its shareholders amidst a tough COVID-19 operating environment and the regulatory lag in recovery of outstanding income. Although the profits declined, the giant utility managed to complete its capital investment programme of $75m (about UGX279b) to improve the network distribution capacity, supply reliability and operational efficiencies. The investment went into the building and upgrading 7 substations in Ntinda, Kakiri, Gulu, Mbale, Bombo and Nakawa, constructing distribution integration lines with transmission infrastructure, expansion of distribution transformer zones and conversion of 168,000 customers to prepayment metering. Some of the investments…
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Customers who want to connect to the electricity grid no longer have to trek to the Umeme offices following the launch of an online application portal by power distributor Umeme. The platform dubbed myumemeonline will enable one apply from anywhere, at any time on either a computer, a tab, a laptop or the iPad. This comes in handy as entities generate convenient solutions amidst the current global health situation. One will be able to use the platform on their mobile device phone if they download the Umeme App. An applicant can track the progress of their application with the tracking…
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Power distributor Umeme is closing 2020 on a high note after completing the $83.3 million planned expenditure despite challenges brought about by the COVID-19 pandemic. Umeme spent $83.3 million (UGX310 billion) in 2020 to ramp up capacity enhancement and porno türk network stabilization programme in rapidly growing regions across its footprint. The money is part of the $450m (UGX1.7 trillion) for the 2019 and 2025 investment agenda. Speaking to a cross-section of the media yesterday, Selestino Babungi, the Umeme Managing Director said he is glad that the company has completed all the investment hd porno works that were laid out…
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Uganda’s main power distribution utility Umeme has tabled a $219 million (UGX813.2 billion budget) for 2021. Of that, $119 million (UGX442.4 billion) will be for capital investments in the grid while $60m (UGX222.4bn) will cater for net operating costs. The company says it will spend $2m (UGX6.6bn) on lease payments and the balance ($38m/UGX141.8bn) on an assortment of other items. It will invest in the evacuation of Karuma and Acwa hydropower plants, on improving power supply and expand the network. Additionally, the distributor will clear the backlog of 240,000 applications for connection, retrofit the 40,000 post-paid meters still in use….
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Ms Thozama Gangi, the Managing Director Eskom Uganda, has been chosen by the Energy Generators and Distributors Association of Uganda (EGADAU) as its founding Chairperson. EGADAU, which brings together 13 founding partner members, was launched yesterday, 2nd December 2020 by the Minister of Energy and Mineral Development, Dr Mary Gorreti Kitutu. The 13 players are: Umeme Limited, Bujagali Energy, Uganda Electricity Distribution Company Limited (UEDCL), Eskom Uganda Limited, Kilembe Mines, Kinyara Sugar, Jacobsen Elektro, Kalangala Infrastructure Services (KIS), West Nile Rural Electrification Company (WENRECO), Kakira Sugar, Xsabo, Berkeley Energy, Hydromaxx, Electromaxx and the Cities and Infrastructure for Growth (CIG) Uganda….
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