Govt seeks sh2 trillion for Umeme concession takeover
Dr Emmanuel Otaala, said that of the required figure, an initial investment of $190m is needed during the takeover process, while an estimated buyout amount of $225.75m (sh860.806b) is due to Umeme.
PREMIUM News
the Natural Resources Committee Chairperson, Dr Emmanuel Otaala said Government should avail the necessary financing to ensure smooth transition and takeover from Umeme. File photo
By NewVision Reporter
Journalists @NewVision
Uganda Electricity Distribution Company Limited (UEDCL), is seeking for $540m (sh2.059Trillion) from external funders to ensure a smooth transition and takeover from power distributor Umeme.
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