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Browsing: Electricity Regulatory Authority (ERA)
- The Electricity Regulatory Authority (ERA) has announced that it is currently conducting a thorough cost analysis of the Umeme concession buyout, which includes verifying recoverable investments
- As a listed company on the Uganda Securities Exchange, Umeme is one of Uganda’s largest and most profitable companies
- Energy Permanent Secretary Irene Bateebe estimated that the Umeme buyout as of December 2022 stood at Shs799b (US$215m)
The Electricity Regulatory Authority (ERA) has announced that it is currently conducting a thorough cost analysis of the Umeme concession buyout, which includes verifying recoverable investments. Eng Ziria Tibalwa Waako, the CEO of ERA, stated in a recent interview that the process of investment verification is ongoing and the final buyout amount is expected to be announced in March 2025 after cost and technical audits have been conducted by the Auditor General.
The government had previously indicated that it would allow Umeme’s 20-year concession to expire …
China Energy Engineering Group Company has announced its plans to develop a 500 megawatt (MW) dam and has contracted China Gezhouba Group International Engineering Company as its engineering, construction contractor and procurement.
“China Gezhouba Group International Engineering Company (Gezhouba International Company), a subsidiary of China Gezhouba Group Company has entered into a framework contract for the 500 MW photovoltaic power generation project in Uganda,” the statement made by CEEC, read in part.
According to the Chinese company, the 500 MW project will be constructed in two phases at an estimate of $500 million.
Also Read: Uganda’s economy growing but not braced for shocks, says World Bank
For the 500 MW photovoltaic power generation project, Gezhouba International Company will be required to design, procure, construct and perform trials.
According to the statement, subsequent formal commercial contract agreement will determine the specific scope of work, contract amount and time limit of performance …
Electricity Regulatory Authority (ERA) has reduced power tariffs by an average of Ush2.4 from October to December quarter.
The tariff reduction will apply to all consumption categories including domestic and extra-large consumers.
The first 15 units for Ush250 with units from sixteen upwards now costing Ush752.5 per unit from Ush755.1 in September.
During this period, commercial consumers will enjoy Ush3.4 tariff reduction from Ush669.5 to Ush666.1 while medium industrial users will pay Ush595.6 per unit from Ush599.2, which has been reduced by Ush3.6. Large industries will pay Ush364 from Ush365.7, saving the industrialists Ush1.7.
Extra-large industries, on the other hand, will be paying Ush302.6 per unit from Ush304.7 in the previous quarter saving them Ush2.1 in the three months leading to December.
The Electricity Regulatory Authority has maintained its strategy to continue reducing tariffs on street lighting, which was reduced by almost a half last month to Ush371.4 per unit.…