UMEME:UGANDA ADVISED TO HALT UMEME/ELECTRICITY TAKEOVER.
The Auditor General has asked Parliament’s Committee on National Economy to halt the approval of the US$190Million (Shs692.688Bn) loan from Stanbic Bank Uganda for the buyout of Umeme until the completion into the audit of the figures submitted by Umeme.
The request was made by Joseph Hirya, Director of Audit, Office of the Auditor General, while reacting to concerns raised by Ziria Tibalwa, Chief Executive Officer of Electricity Regulatory Authority over the various figures submitted by Umeme regarding the buyout amount, although two studies have placed the buyout amount at US$127 Million.
WHY IS UMEME LOOKING SCARED.
WHY“Why is Umeme investing the last minute? It is because they operate a live network. For example, if today Parliament is off and the transformer fi blown, do you wait for April 2025 when UEDCL is here? I don’t know whether it is coincidence, but in the last one month, we have had serious outages. We had vandalism, the whole Western Uganda went off, we had two cables that gave way on Entebbe. If we were to say that in the last one month they (Umeme) they do nothing, we would be stuck,” added Eng. Tibalwa.