Uganda Electricity Transmission Company Limited (UETCL) has emerged from the Auditor General’s FY2024/25 report as one of the most financially distressed entities in the country’s energy value chain—at precisely the moment when its leadership has changed hands. The scale of the deterioration is stark: the national transmission utility slid from a profit of UGX 82.25 billion in the previous year to a loss of UGX 293.1 billion, placing it at the centre of a wider reckoning about value-for-money, governance, and accountability in Uganda’s most capital-intensive sector. The Auditor General’s assessment portrays a utility under severe strain, grappling with collapsing profitability,…
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