UEDCL seeks approval to take over UMEME operations ahead of 2025 concession expiry

The Electricity Regulatory Authority discussed today, during a public hearing, the application by Uganda Electricity Distribution Company Limited to take over the operations of Umeme, whose concession expires on March 31, 2025. To gain approval, UEDCL needs shs 4.2 trillion to finance the operational and capital costs over the first three-year period, while the total buyout is estimated at over $255 million or sh1.8 trillion. However, the money, which was not catered for in the current budget, will be borrowed from internal and external financiers. #NTVNews #NTVTonight #NTVWeekendEdition Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Connect with us on Messenger via m.me/NTVUganda