This archive report was first published on 13 December 2019.
On December 13, 2019, Uganda's Umeme Limited secured $70 million in funding to upgrade its infrastructure and expand the electricity grid network.
The funding, which will be spread out over three years, was provided by International Finance Corporation (IFC), Stanbic Bank Uganda Limited, Standard Chartered Bank, and the Dutch Development Bank.
According to Umeme, the funding will be used to improve sections of the distribution network, increase grid connections, and boost supply reliability.
Umeme aims to double electricity connections to 3.2 million customers by 2025 and reduce energy losses to 13%.
The company is also working on several major projects, including the Karuma Hydro Power plant, a 600 MW power plant on the River Nile, which is expected to be commissioned by February 2020.
Since 2013, Umeme has invested over Shs1.7 trillion (US$ 460 million) in the distribution network, resulting in significant growth and improvements in supply reliability and customer experience.
Umeme Limited is the largest energy distributor in Uganda, distributing 97% of all electricity used in the country.
