Uganda Mirror
  • Big Story
  • News
  • Crime
  • Gossip
  • Politics
  • Business
  • Sports
  • Love & Relationships
  • World
No Result
View All Result
SUBSCRIBE
Uganda Mirror
  • Big Story
  • News
  • Crime
  • Gossip
  • Politics
  • Business
  • Sports
  • Love & Relationships
  • World
No Result
View All Result
Uganda Mirror
No Result
View All Result
Home Business

UMEME Unveils Ugx 310 Billion Investment Plan.

Abbas Ibrahim by Abbas Ibrahim
in Business
0
UMEME Unveils Ugx 310 Billion Investment Plan.
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

 UMEME has unveiled a capital investment programme worth Ugx 310 billion for 2020 after the approval by regulator towards the efficiency of the operations.

You might also like

Beyond Capital: Building Sustainable Businesses For Women Entrepreneurs

High Court Orders Consolidation of UGX 845M Bank Debit Disputes Against Absa, BoU

Uganda, China EXIM Bank Seal Strategic Partnership To Drive Industrial Growth

While addressing the media on Monday, the Managing Director,Celestino Babungi,noted that part of their larger investment agenda is to help Uganda address the increasing demand, reliability of supply and driving efficiencies. 

This will also help in converting post paid customers to prepaid system,load growth and demand, power generation and evacuation net work system,automaton and network work projection and security.

The multi billion shillings investment has also factored in the progress of 600 mega warts in Karuma power project which is expected to be completed in the first quarter of 2021.

“A hundred billion of this will go on efficiencies of our operations including converting 220,000 post paid customers to prepayment and as I speak we have so far added 80,000 of those who have already been converted now. We are remaining with 140,000 to ensure that everyone is on prepaid by the end of the year,”he explained. 

He said a lot of efforts are being put towards technological investments as the number of transformer zones ,sub stations and customers have greatly increased keep on growing 

He explained  that the sector has been greatly affected by the pandemic leading to the drop in the power demand with  the low sales, in the month of April and May.

He said that before the COVID-19,the power distribution body used to sell 9.5gw of power per day and this dropped in  March to 9.1gw and later to 6.5gw per day. 

Babungi explained that this was expected because of the closure of  industries ,SMEs and people were working from home reflecting a reduction of 29% in power demand.

He however expressed hope  that with the phased easing of the lockdown restrictions the company is able to experience increase in sales as the businesses resume.

Tags: Umeme
Share30Tweet19
Abbas Ibrahim

Abbas Ibrahim

Recommended For You

Beyond Capital: Building Sustainable Businesses For Women Entrepreneurs

by admin
March 23, 2026
0
Beyond Capital: Building Sustainable Businesses For Women Entrepreneurs

By Olivia Mugaba- Head of SMEs at Equity Bank Uganda Many people assume that access to loans is the main challenge women face in business. While capital is...

Read moreDetails

High Court Orders Consolidation of UGX 845M Bank Debit Disputes Against Absa, BoU

by admin
March 23, 2026
0
High Court Orders Consolidation of UGX 845M Bank Debit Disputes Against Absa, BoU

The Commercial Division of the High Court in Kampala has ordered the consolidation of three high-stakes civil suits filed against Absa Bank (U) Ltd and the Bank of...

Read moreDetails

Uganda, China EXIM Bank Seal Strategic Partnership To Drive Industrial Growth

by admin
March 19, 2026
0
Uganda, China EXIM Bank Seal Strategic Partnership To Drive Industrial Growth

KAMPALA — Uganda has deepened its economic ties with China following high-level talks between Finance Minister Matia Kasaija and a delegation from the Export-Import Bank of China, aimed...

Read moreDetails

Equity Group Posts Record KSh75.5 Billion Profit As Regional Units Drive Growth

by admin
March 19, 2026
0
Equity Group Posts Record KSh75.5 Billion Profit As Regional Units Drive Growth

Equity Group Holdings Plc has reported the strongest financial performance in its history, posting a 55% surge in profit after tax to KSh75.5 billion for the year ended...

Read moreDetails

Uganda Treasury Yields Hold Firm As Government Securities Remain Attractive To Investors

by admin
March 17, 2026
0
Uganda Treasury Yields Hold Firm As Government Securities Remain Attractive To Investors

Uganda’s government securities market maintained relatively strong yields in the week ending March 11, 2026, reinforcing the attractiveness of Treasury instruments as a low-risk investment option. According to...

Read moreDetails
Next Post
“The Kiira EV Project was Grabbed from Me,” Steven Ntambi

“The Kiira EV Project was Grabbed from Me,” Steven Ntambi

Related News

Zimbabwe VP Resigns After Being Accused Of Offside Romps With Married Women

Zimbabwe VP Resigns After Being Accused Of Offside Romps With Married Women

March 1, 2021
Police Arrest 4 Medics Over Bangled Medical Procedure On Newly Wed Bride

Police Arrest 4 Medics Over Bangled Medical Procedure On Newly Wed Bride

December 14, 2021
Stanbic Bank Top Bosses Sell Client’s Property To Themselves

Stanbic Bank Top Bosses Sell Client’s Property To Themselves

September 26, 2020
Carrefour Opens Shop in Naalya

Carrefour Opens Shop in Naalya

March 16, 2021
Museveni Hold Talks with Former Russian President Over the War in Ukraine

Museveni Hold Talks with Former Russian President Over the War in Ukraine

June 6, 2022
Burkina Faso: New Leader Gives First Speech Since Ousting President

Burkina Faso: New Leader Gives First Speech Since Ousting President

January 28, 2022

Popular Stories

  • Uganda Law Society Drops Neutrality, Endorses Opposition Candidates For 2026

    Uganda Law Society Drops Neutrality, Endorses Opposition Candidates For 2026

    3363 shares
    Share 1345 Tweet 841
  • Peace Must Translate Into Prosperity, Museveni Tells Lwengo Voters

    2294 shares
    Share 918 Tweet 574
  • Court Dismisses Walukagga Petition, Upholds His Removal From Busiro East Race

    2276 shares
    Share 910 Tweet 569
  • Court Finds Walukaga’s Academic Papers Died Peacefully In June

    2255 shares
    Share 902 Tweet 564
  • Uganda Launches Roosevelt Rhino Campaign In US To Boost Conservation Diplomacy

    1645 shares
    Share 658 Tweet 411
  • Uganda Added to US Visa Bond Pilot, Travellers Face Up to $15,000 Requirement

    1258 shares
    Share 503 Tweet 315
  • Museveni Rallies Nansana Voters, Emphasises Wealth Creation and Jobs as NRM Priority

    1254 shares
    Share 502 Tweet 314
Facebook Twitter Instagram Youtube
Uganda Mirror

Uganda's leading source News in categories of Politics Gossip Crime Sports Business Technology & Education

© 2025 Ug Mirror - A Product of Mirror Digital Limited .

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “ACCEPT ALL”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsREJECT ALLACCEPT ALL
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Big Story
  • News
  • Crime
  • Gossip
  • Politics
  • Business
  • Sports
  • Love & Relationships
  • World

© 2025 Ug Mirror - A Product of Mirror Digital Limited .

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?