9 January 2018

Ugandan Electricity Supplier to Invest UGX 5.7 Trillion in 2018

Uganda's main electricity distributor, Umeme Limited will invest close to $155 million this year, as they look to improve their services. The finances will go to upgrade of old networks, construction of power sub-stations and improve the country's network at large. This is their mega-infrastructure project for the New Year, according to reports.

The company's Managing Director, Sam Zimbe is adamant that the company will be able to achieve its objectives before long. He added that they have already handed in their investment plan for the year to the Electricity Regulatory Authority and now await for the green light to carry on.

The technical department from Umeme is on standby, to begin the year's resolutions as early as possible once the approval has been given.

The electricity company has a place in the Uganda Securities Exchange (USE) listing as well as extending its slot in Kenya's Nairobi Securities Exchange (NSE). The company operates a 20-year electricity distribution concession effective March 1st 2005.

The company had issues to address when their published their half year reports to June 2017, with plenty of talking points. The Government of Uganda cost Umeme Limited a record loss of $13 million, during the restructure of terms of the concession.

The limited company was compelled to make provisions should the redress fail. However, in the same time, the company's revenues went up to $200 million which boosted some of its operations.

The company wants to get rid of wooden poles and replace them with concrete ones, a link target that their neighbouring state had started four years ago. Mr. Zimbe stated that the wooden power transmission lines are usually in danger of fire outbreaks that may cause severe damage even to the immediate environment. The outbreak may lead to further destruction of property such as electricity appliances.

The alternative option which are the concrete power transmission lines, have the ability to endure such outbreaks and they are fairly cheaper in comparison to the wooden ones. They are also durable which make them the perfect fit for a long run occasion.

There are dangers of illegal connectivity of power supply. Majority may opt for such in the line of cheaper alternative that override the general aspect of security. The Managing Director has clearly said they will educate the public on the demerits of such activities and make necessary enforcement.

Such actions will ensure that electricity theft is minimized and the company can concentrate on offering better services as they keenly look to add more revenues under their belt.

Uganda

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