Cut Umeme’s return on investment to 14 per cent, says UEDCL

Although there has been no conclusions, negotiation to review Umeme’s 20-year concession, which is expected to expire in March 2025, are underway. PHOTO/FILE

What you need to know:

  • Mr Paul Mwesigwa, the UEDCL managing director, said the 20 per cent return on investment for Umeme, as it is under the current concession, is not competitive and ought to be revised downwards.

Uganda Electricity Distribution Company Limited (UEDCL), the owners of the assets operated by Umeme, is proposing that the return of investment (ROI) for the power distributor’s future concession, which is currently under negotiation, should not exceed 14 per cent. 

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