UETCL wants more funds for energy sector
The power sector requires more funding and tax waivers on power investment to mitigate the increased loadshedding, Uganda Electricity Transmission Company’s (UETCL) managing director has said.
By Ibrahim Kasita
The power sector requires more funding and tax waivers on power investment to mitigate the increased loadshedding, Uganda Electricity Transmission Company’s (UETCL) managing director has said.
Eriasi Kiyemba said, “Power subsidies are not sustainable because it does not reflect the true cost of electricity.â€
He said only 9% of the population have access to electricity yet the sector takes 50% of the national budget.
Presenting a paper at the launch of the company’s first Corporate Business Plan at Munyonyo recently, Kiyemba said UETCL needed funding for the proposed investment.
He said hiking electricity prices would reflect the true cost of power generation, transmission and distribution.
Finance minister Dr. Ezra Suruma (left) recently told Parliament that the Government spends over sh11b every month on subsidising power tariffs.
The power sector requires more funding and tax waivers on power investment to mitigate the increased loadshedding, Uganda Electricity Transmission Company’s (UETCL) managing director has said.
Eriasi Kiyemba said, “Power subsidies are not sustainable because it does not reflect the true cost of electricity.â€
He said only 9% of the population have access to electricity yet the sector takes 50% of the national budget.
Presenting a paper at the launch of the company’s first Corporate Business Plan at Munyonyo recently, Kiyemba said UETCL needed funding for the proposed investment.
He said hiking electricity prices would reflect the true cost of power generation, transmission and distribution.
Finance minister Dr. Ezra Suruma (left) recently told Parliament that the Government spends over sh11b every month on subsidising power tariffs.