Company News

Umeme tables UGX813 billion working budget for 2021

by CEO Reporter
Blessing Nshaho, Umeme’s Chief Corporate and Regulatory Officer presenting the company’s revenue requirement on December 11, 2020 during a virtual application for tariff review. Courtesy photo
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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 w

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