Working budget for 2021

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….