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Uganda: UMEME Expects $234 Million, Uganda Willing to Give $118m

Summary by allAfrica

[Independent (Kampala)] Kampala, Uganda -- Exiting electricity distributors Umeme Limited have issued a statement today saying they expect an estimated buy out amount of $234 million to be paid by Uganda government by March 31, 2025. They reiterated that the 20-year Umeme Concession for electricity distribution ended after the 28th of February 2025 and is currently in the Retransfer Transition Period.

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Uganda: UMEME Expects $234 Million, Uganda Willing to Give $118m

5 days ago·South Africa

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The Spy

Deal Trembles! Govt Chops UMEME Buyout From US$190m To US$118m

By Spy Uganda Government has revised the loan request to buy out electricity distribution company, UMEME, from over US$190 million, to over US$118 million. This was contained in the Special Audit Report for the end of lease and assignment between UMEME Limited and Uganda Electricity Distribution Company Limited (UEDCL) that was adopted during plenary sitting…

5 days ago

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Africa.com

Govt revises UMEME buyout to US$118 million

Government has revised the loan request to buy out electricity distribution company, UMEME, from over US$190 million, to over US$118 million. This was contained in the Special Audit Report for the end of lease and assignment between UMEME Limited and Uganda Electricity Distribution Company Limited (UEDCL) that was adopted during plenary sitting on Thursday, 27… Read More »Govt revises UMEME buyout to US$118 million

5 days ago

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Online news from Uganda and the East African region - SoftPower News

Tensions Rise as Uganda, Umeme Dispute Buyout Figures Amid Power Supply Challenges

The Government of Uganda and Umeme Limited are locked in a standoff over the final buyout amount due to the electricity distribution company ahead of its concession expiry on March 31, 2025. The dispute comes at a time when the country is facing significant power supply constraints, further intensifying public scrutiny of the ongoing energy sector transition. Energy Minister Ruth Nankabirwa on Wednesday reaffirmed the government’s position that …

5 days ago

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UgStandard - For Breaking news, Education, Investigations, Business & Tech and all public affairs n

DARKNESS LOOMS: Umeme demands $234 million buyout as Parliament approves $118 million

Minister Nankabirwa emphasized the need for Umeme to “finish strong” as the company’s concession ends on April 1, 2025. She encouraged the company to minimize outages and ensure a smooth transition. KAMPALA, Uganda — A dispute has emerged over the buyout amount for Umeme Limited, Uganda’s exiting electricity distributor, with the company expecting $234 million and Parliament approving only $118 million. Umeme’s 20-year concession for electricity…

5 days ago

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The Independent Uganda:

🟥 UMEME expects $234 million, Uganda willing to give $118M

Speaker Among receives the Auditor General’s report on Umeme and UEDCL agreement, which recommends the payment of only USD 118 million. Speaker Among said Parliament will only okay the payment of that particular sum, and nothing more. PHOTO PARLIAMENT MEDIA “The Buy Out Amount must be paid within 30 days following the end of the concession term, specifically by 31st March 2025. If the payment is not received by this deadline, penal interest will…

5 days ago

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