dfcu Bank, in partnership with Deloitte Uganda, recently held a webinar discussion with contractors in the power sector on how to sustainably recover in the post-Covid-19 period. The discussion, which was highlighted by Selestino Babungi, Umeme Managing Director as the keynote speaker looked at key topics such as the current climate of the power sector, financing, contracts, human capital, and workforce safety and wellbeing – issues the contractors have are dealing with in the wake of the COVID-19 pandemic. Selestino Babungi noted that the power sector is a good indication of what is going on in the country. Being one…
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Power distributor Umeme is building a switching station in Lyantonde District to improve supply in the district, Masaka and Mbarara cities. The Managing Director Umeme, Selestino Babungi says the switching station will be up and running by June 2021. “Once it is in place, it will quicken the detection of faults between Masaka and Mbarara since it is a midpoint between the two cities. It will also help keep the factories in production 24/7 by switching them from a faulty line to the one without a fault,” Babungi said. Amos Dairies, one of the large power users in the region,…
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Utility company Umeme has pledged to expedite the connection of power lines at Sino Industrial zone located in Western Uganda. Selestino Babungi, the Umeme Managing Director, speaking during a recent visit to Sino Uganda Modern economic industrial zone located in Nshaara, near Mbarara, said they will prioritize the industrial park as a matter of urgency. “These industrial zones have a huge economic impact and that is why we are focusing on them for creating demand and supporting government plans for industrialization for creation of jobs,” he said. He explained that industrial zones give the giant utility an advantage in that…
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Utility company Umeme Limited has signed a memorandum of understanding with the Directorate of Training (DIT) to promote skilling of underprivileged communities. The partnership aims to expand the scope of Pamoja project, a Umeme initiative which is aimed at building trust and developing productive linkages within while facilitating access to safe, clean and reliable power. This project is being piloted in the slum areas of Kiwuunya, Kiyaaye, Kikoni and localities proximal to Nakulabye. Umeme’s Head of Regional Projects Andrew Mwesigye while speaking during the signing of the MoU at Imperial Royale said Pamoja seeks to empower communities by improving the…
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Umeme Limited, Uganda’s largest distributor of electricity has welcomed government’s move to allow customers who can afford to, to pay for their connections as the impasse around the Electricity Connections Policy (ECP) is resolved. Sitting on 26th October 2020, cabinet, according to a statement by the Uganda Media Centre, “agreed to temporary halt the implementation of the provision of connection subsidies to consumers in cognizance of the constraints to the budget.” Cabinet, further, according to the statement, “authorized the Minister of Energy and Mineral Development to issue a policy direction in the interim with effect from 1st March 2021 to…
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Mukono North substation is now in use after power distributor Umeme constructed lines to link the facility with consumers. The utility has erected poles and strung cables from the facility in Mbalala, Mukono District to Katosi, 40 kilometres away, Mpata and within Mbalala. It will construct four extra powerlines from the substation to other areas within Mukono. Umeme’s $3.4 million investment will provide National Water & Sewerage Corporation Katosi water station, Tian Tang, and Kampala Cement factories, among other industrial consumers of power, with reliable and quality power. “Mbalala is an emerging industrial zone. Power to the area was coming…
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The National Social Security Fund (NSSF) has won the Gold Award at the 10th edition of the Financial Reporting (FiRe) Awards, beating 84 organisations which submitted their 2019 financial reports for evaluation. The Fund has won their second Gold Award, having previously won Gold in 2018. The FiRe Awards were held on 4 November 2020 at the Skyz Hotel in Kampala and broadcast live via the Zoom platform and Facebook. Organized by the Institute of Certified Public Accountants of Uganda (ICPAU), in partnership with the Capital Markets Authority (CMA), the Uganda Securities Exchange (USE) and the Vision Group, the FiRe…
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In a bid to improve the reliability and the capacity of electricity supply in Northern Uganda, Umeme in collaboration with the Uganda Electricity Transmission Company Limited (UETCL) and Uganda Electricity Distribution Company Limited (UEDCL) together with several partners are executing several projects aimed at boosting quality and reliability of supply in the region. Umeme Head of Communications, Peter Kaujju, speaking during the inspection of projects in Northern Uganda said, “Umeme and partners have stepped up investments to boost the quality and reliability of power in Northern Region which includes Lira, Gulu, Kitgum, Masindi and Hoima with a combined total of…
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Cities play a very important role in shaping the livelihoods of many people as more than half of the global population lives in urban centres. Therefore, every city needs stable and reliable electricity to feed its ever-growing industrial, commercial and domestic needs. Mbale City, a home to 5 million people, is not any different. Mbale and Elgon sub-region’s electricity demand averages 20MW, but given the recent elevation to City status, the Government’s push for industrialization and the establishment of the Mbale Industrial Park, demand for power is expected to surge. For this reason, power distributor Umeme has invested US$15.2m (Ugx55.7b)…
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Uganda’s biggest power distributor UMEME Limited has announced its half year financial statements for the six months ended 30th June 2020 indicating a reduction in gross profit by 22 percent to UGX232 billion from UGX 296 billion in the same period in 2019. This, according to the utility firm, was due to the negative effects of COVID-19 that resulted into reduced electricity demand, energy losses and regulatory income recoveries. Profit after Tax also reduced by 64% to UGX22 billion from UGX61 billion in the same period in 2019. On the other hand, total assets as of 30 June 2020 increased…
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