
Parliament of Uganda
February 26, 2025 at 07:10 AM
The State Minister for Energy, Hon. Sidronius Okaasai, said a recent Auditor General's report of 24 February 2025, now puts the buyout amount at US$201 million.
He added that the Ministry of Finance requires US$50 million to capitalise Uganda Electricity Distribution Company Limited (UEDCL), to enable it take over the implementation of the commitments of Umeme Limited.
Okaasai also clarified that the due date for payment is 31 March 2025, after which the penalties for delay in paying the buyout, will apply.

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