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Tag Archives: Isimba

Umeme records Shs139bn net profit

Performance is attributed to increase in electricity demand, cost reduction Kampala, Uganda | JULIUS BUSINGE | Shareholders of power distributor, Umeme Limited will not go home with nothing in their Annual General Meeting slated later in the year as the company recorded a slight increase in net profit from Shs132bn …

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MPs question Museveni on contractors for dams

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have questioned President Museveni’s decision of directly sourcing contractors for the Karuma, Isimba and Ayago Hydro power dams. MPs on the Physical infrastructure committee on Wednesday met the Minister of State for Energy Simon D’Ujanga over the Isimba dam bridge saga. About …

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Electricity generation company in record Shs24bn profit

Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Generation Company Limited (UEGCL) announced on Dec.17 that it had made a net profit of Shs24.7bn for the financial year 2018/19, up from a loss of Shs10.8bn a year before. Officials said the profit, the first since the company’s inception in 2001, …

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PAC probes Isimba, Karuma dam rock payment omission

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Public Accounts Committee (PAC) on Friday tasked Ministry of Energy officials to explain the omission of payment for rock in the contract for construction of Isimba and Karuma Hydro Power Dams. The officials led by the Permanent Secretary Robert …

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Fury over Murchison Falls

Govt proposal to build a sixth power dam on the Nile kicks up storm Kampala, Uganda | RONALD MUSOKE | Murchison Falls, one of River Nile’s remaining spectacular waterfalls tops the “bucket list” of iconic sceneries in Uganda that hundreds of thousands of tourists covet when they visit the country. …

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