Kampala, Uganda | THE INDEPENDENT | Members of Parliament have demanded from the Ministry of Energy and Mineral Development a comprehensive statement on persistent power outages currently being experienced nationwide. Rising on a matter of national importance during plenary sitting on Thursday, legislators demanded to know how technically possible it …
Read More »No dividends for Umeme shareholders
The electricity firm H1 profits increased by 33% to Shs64bn Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme, has withheld payment of an interim dividend to its shareholders despite recording a 33% growth in profit after tax to Shs64bn for the six months period ending June.30. The company executives …
Read More »Isimba dam shutdown
The energy minister says nobody will be punished until investigations are concluded | THE INDEPENDENT | The abrupt shutdown of the 183MW Isimba hydropower plant on Aug.08 continues to cause anxiety amongst Ugandans, with many urging authorities to penalize those that caused the error. However, speaking as the main guest …
Read More »Govt to give out gas cylinders to 1 million households
Busabala, Uganda | THE INDEPENDENT | The Government has launched the distribution of Liquified Petroleum Gas – LPG cylinders targeting one million households in a bid to promote safe and clean cooking. Launched Tuesday by Ruth Nankabirwa, the Ministry of Energy and Mineral Development in Bugo Zone, Busabala in Wakiso …
Read More »Chinese investors petition PM over unstable electricity
Kakiri, Uganda | THE INDEPENDENT | Chinese investors operating different factories in Kakiri Town, Wakiso District have petitioned the Prime Minister Robinah Nabbanja to express their frustration with the erratic electricity supply in the area. Represented by Cai Jiashun, Zong Bo and Lin Yangbin, the investors early this week petitioned …
Read More »Umeme fails to block Mutasiga Coffee Factory from picking sh179 million
Luwero, Uganda | THE INDEPENDENT | Power distributor Umeme has lost an application to block Irene Nankabirwa, the proprietor of Mutasiga Coffee Factory, from drawing money from its bank account. Umeme had sought to stay the implementation of garnishee orders issued to Nankabirwa to recover Shillings 179.3 million as costs …
Read More »Umeme net profits up
The company’s net profit more than tripled to Shs139bn in 2021 Kampala, Uganda | ISAAC KHISA | Uganda’s electricity distribution firm, Umeme, has seen 2021 net profit more than triple to Shs139bn owed to increase in customer base and electricity sales. This is the similar profit earned in 2019 during …
Read More »Eskom to lose Kiira and Nalubaale dams concession
The government took over operation and maintenance of a 50MW Namanve Thermal plant last month Kampala, Uganda | ISAAC KHISA | South African electricity firm, Eskom, will cease to operate and maintain Kiira and Nalubaale Hydropower Dams in eastern city of Jinja once its concession comes to an end next …
Read More »Excel Construction to reap US$23.2m from oil deal
Kingfisher project is expected to produce at least 40,000 barrels of oil per day in the initial stages Kampala, Uganda | ISAAC KHISA | A local construction firm, Excel will earn US$23.2 million in building well pads, 2.5km fence, access roads and water intake points in the Kingfisher oil development …
Read More »TotalEnergies, CNOOC sign off $10bn Uganda oil project
First oil expected in 2025 Kampala, Uganda | RONALD MUSOKE | Finally, the international oil companies, TotalEnergies SE and the China National Offshore Oil Corporation (CNOOC) announced they are ready to produce oil in Uganda in a US$10 billion project. Reaching this point had taken a whopping 15 years of …
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