Summary of Proposed Investment
Project Number
25788
Company Name
UMEME LTD
Date SPI Disclosed
Apr 9, 2009
Country
Uganda
Industry
Infrastructure
Projected Board Date
May 22, 2009
Status
Active
Sector
Distribution Business
Department
Gbl Infrastructure & Natural Resources
Environmental Category
B - Limited
Previous Events
Approved : Jun 20, 2009
Signed : Jun 26, 2009
Invested : Dec 30, 2009
Project Description
Umeme Limited (“Umeme”) is a regulated electricity distribution company in Uganda, supplying over 300,000 customers mainly located in the semi-urban strip from Entebbe through Kampala to Jinja. In March 2005, Umeme was awarded a 20 year concession to manage and operate the assets of Uganda Electricity Distribution Company (UEDCL). The award of the concession was part of Uganda’s broader privatization of its power sector, which also involved the unbundling of transmission, distribution and generation, and the awarding of concessions for the operation of its existing generation assets. Uganda’s power sector privatization was fully supported by the World Bank Group, and the Umeme financing structure includes both MIGA insurance and a partial risk guarantee from IDA.
To date, Umeme has invested about $44 million in rehabilitating and developing its network, making additional connections, implementing a new customer billing system, and rolling out a customer call center and work management centers. Subject to the Ugandan regulator’s approval, Umeme intends to spend a further $50 million in the next two years (the “Project”). This investment is a continuation of the existing program, covering renewal of its asset base, loss reduction, network extension, and new connections (in addition to the 93,821 Umeme has already made).
To date, Umeme has invested about $44 million in rehabilitating and developing its network, making additional connections, implementing a new customer billing system, and rolling out a customer call center and work management centers. Subject to the Ugandan regulator’s approval, Umeme intends to spend a further $50 million in the next two years (the “Project”). This investment is a continuation of the existing program, covering renewal of its asset base, loss reduction, network extension, and new connections (in addition to the 93,821 Umeme has already made).
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Sarah Maud
Project Manager
Umeme Limited
33 Torquay Road, Parkwood
2193 South Africa
Telephone: +27-82-888-5323
Email: sarah.maud@globeleq.com
Project Manager
Umeme Limited
33 Torquay Road, Parkwood
2193 South Africa
Telephone: +27-82-888-5323
Email: sarah.maud@globeleq.com
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Fax: 202-974-4384
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IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
Local Access of Project Documentation
Umeme Limited
2nd Floor, Rwenzori House, Plot No. 1 Lumumba Avenue
P.O. Box 23841 Kampala, Uganda
2nd Floor, Rwenzori House, Plot No. 1 Lumumba Avenue
P.O. Box 23841 Kampala, Uganda