The Ministry of Energy and Mineral Development has recommended the halting of new investments by energy distributor, Umeme ahead of the expiry of its 25 year concession in 2025.
The Minister of State for Energy, Hon Sidronius Okaasai Opolot said this during a meeting with members of the Committee of Environment and Natural Resources to respond to issues raised during the scrutiny of the budget framework paper for the financial year 2022/23.
Hon. Okaasai said that as Ugandans demand for electricity infrastructure, that has got an impact on the final buyout of Umeme, there is a need to watch out for new investments made.
He added that Government should start providing annually for buyout amounts.
Umeme intends to invest in extending the distribution of power which includes buying transformers, poles and construction of substations with the hope that their concession which is nearing an end can be extended. END