Three workers of power distributing company, UMEME have been arrested after being found in possession of assortments of electric wires and cables. The arrests follow intensified operations by the Directorate of Criminal Investigations against acts of sabotage, vandalism and theft of electric wires and cables, with successful raids at two locations in Namugongo and Katwe. […]
On average, distribution companies fail sell at least 17.6 percent of purchased electricity. PHOTO | FILE Electricity distribution companies on average lose about 169 megawatts every three months, which remain unsold, according to data from Electricity Regulatory Authority (ERA). According to details contained in the ERA Electricity Distribution Statistics report for the quarter ended September […]
KAMPALA (Reuters) – Uganda’s sole power distributor Umeme Limited said on Monday its pretax profits jumped 34% last year as a loosening of COVID-19 restrictions fuelled a surge in demand for energy. Umeme said its pre-tax profit rose to 642.2 billion shillings ($179 million) in the twelve months to end-December, compared with 478.9 billion shillings […]
Umeme Limited pointed to an increase in electricity sales and customer connections as the power distributor returned to year on year revenue and profits growth in 2021. Revenue rose 13.5 per cent to Shs1.8 trillion helped by an increase in electricity sales and revenue from electricity distribution construction services, according to the companys’ earnings statement. […]
Uganda Securities Exchange (USE) started the new year on a weak footing with equity turnover falling by 73.8 percent to Ush 2.05 billion ($579,828) in January. According to the bourse’s monthly bulletin for January, the value of shares traded declined to Ush2.05 billion from Ush7.8 billion ($2.2 million) in December last year (2021),representing a daily […]
Power lines in Kampala. The high cost of electricity coupled with constraints in transmission and distribution systems remain the main barriers to maximising electricity access in Uganda. PHOTO/Racheal Mabala What you need to know: A new report cites energy as one of the three sectors that can change the economy’s fortunes. Ismail Musa Ladu and […]
A man checks his ‘Yaka’ units in Uganda. PHOTO/FILE The proposal to fine one Shs400 million or Shs1 billion for stealing electricity or vandalising power infrastructure respectively has elicited immense public interest. Government, which made the proposal, says should Parliament pass it, arguing that it will deter would-be offenders. On the other hand, there are […]
A person who taps service wires, tampers, damages or destroys an electricity metre to interfere with accurate metering, commits an offence, and is liable, on conviction, to a fine or imprisonment not exceeding 10 years. Photo| File The Parliamentary Natural Resources Committee has said they are seeking to make theft of electrical energy and vandalism […]
(L-R) Hon Vincent Bamulangaki Ssempijja, Minister for Defence and Veteran Affairs, Baroness Sandip Verma, Chairperson, Nexus Green Limited and Rikki Verma, Chief Executive Officer Nexus Green Limited interacting during the prelaunch of 516 KWP solar power plant at Kololo Ceremonial Ground Kampala on February 25, 2022. Photo | Ismail Musa Ladu What you need to […]
Museveni meeting Chinese investors at State House, Entebbe on Wednesday President Museveni has said he will engage the Speaker of Parliament to fast-track the amendment of the Umeme Act and ensure that electricity goes directly from generation to the industrial consumer to spur economic growth through industrialization. “Power should go directly from generation to the […]
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