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

Court Tears Into PostBank, Upholds Shs78m Award To Sacked Manager

Rwanda Turns To Islamic Finance To Unlock New Investment Capital And Deepen Capital Markets

Uganda’s Young Women Are Being Left Out of The Money: New Report Exposes System-Wide Failures

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

Court Tears Into PostBank, Upholds Shs78m Award To Sacked Manager

by admin
June 8, 2026
0
Court Tears Into PostBank, Upholds Shs78m Award To Sacked Manager

Post Bank Uganda now Pearl Bank has suffered a crushing defeat in the Industrial Court after judges dismissed the bank's appeal and upheld a ruling that its former...

Read moreDetails

Rwanda Turns To Islamic Finance To Unlock New Investment Capital And Deepen Capital Markets

by admin
June 7, 2026
0
Rwanda Turns To Islamic Finance To Unlock New Investment Capital And Deepen Capital Markets

Rwanda is positioning itself to tap into a rapidly growing segment of global finance through the introduction of Islamic capital market products, a move that experts say could...

Read moreDetails

Uganda’s Young Women Are Being Left Out of The Money: New Report Exposes System-Wide Failures

by Davis
June 5, 2026
0
Uganda’s Young Women Are Being Left Out of The Money: New Report Exposes System-Wide Failures

FSD Uganda’s landmark research reveals that two-thirds of women aged 16–24 remain shut out of meaningful financial services, and the causes run deeper than most people think.

Read moreDetails

CASH CRACKDOWN! BoU Slashes Cheque Limits, Caps Millions In Withdrawals

by admin
June 2, 2026
0
All Stolen Bank Of Uganda Laptops Recovered As Police Arrest Four Suspects

KAMPALA – The Bank of Uganda (BoU) has unveiled sweeping reforms aimed at reducing reliance on cash transactions and accelerating the country's transition to digital payments, announcing lower...

Read moreDetails

Uganda Hosts Ethiopian Delegation On Landmark Tourism Familiarization Tour

by admin
June 2, 2026
0
Uganda Hosts Ethiopian Delegation On Landmark Tourism Familiarization Tour

Uganda has concluded a ten-day tourism familiarization trip for a high-profile Ethiopian delegation, in a move aimed at deepening tourism, investment and cultural ties between the two East...

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

Decision to Release PLE Results at Kampala Parents School Questioned

Decision to Release PLE Results at Kampala Parents School Questioned

January 16, 2020
Museveni Off To Switzerland For World Economic Forum

Museveni Off To Switzerland For World Economic Forum

January 22, 2019

Ethiopian bank robbers get stuck in traffic

June 14, 2018
Stop Mistreating People Power Supporters — Nankabirwa Tells NRM Youth

Stop Mistreating People Power Supporters — Nankabirwa Tells NRM Youth

June 13, 2019
Use Tougher Means To Stop Deforestation – MPs

Use Tougher Means To Stop Deforestation – MPs

March 20, 2021
Nagirinya Murderer Gets 40-Year-Jail Term

Nagirinya Murderer Gets 40-Year-Jail Term

February 22, 2023

Popular Stories

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

    Uganda Law Society Drops Neutrality, Endorses Opposition Candidates For 2026

    3364 shares
    Share 1346 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
  • Museveni Attends Pearl of Africa Tourism Expo 2026 as Uganda Pushes Tourism Growth Agenda

    2159 shares
    Share 864 Tweet 540
  • All Stolen Bank Of Uganda Laptops Recovered As Police Arrest Four Suspects

    1981 shares
    Share 792 Tweet 495
  • MUSEVENI: Mr. Mwenda, Thank You For Declaring Me Senile And Incapable Of Judging Right

    1907 shares
    Share 763 Tweet 477
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.
Not enough quota to unlock this post
Unlock left : 0
Are you sure want to cancel subscription?