Committee Rejects UGX 250 Billion Request for UMEME Buyout

Comments 778 Views Kampala, Uganda
Minister of State for Energy, Sidronius Okaasai Opolot with Irene Batebe, the Ministry Permanent Secretary before the Natural Resources Committee.

Minister of State for Energy, Sidronius Okaasai Opolot with Irene Batebe, the Ministry Permanent Secretary before the Natural Resources Committee.

In short
UMEME was granted a 10-year concession in 2015 subject to renewal. As of December 2021, UMEME had made investments worth USD 547.5 million of which it has recovered USD 331 million. The Ministry of Energy had however sought a budget of 256.2 billion Shillings to start a phased buyout of the company.

 

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