Govt revises UMEME buyout to US$118 million
The report was tabled by the Minister of State for Finance, Planning and Economic Development (General Duties), Hon. Henry Musasizi
Government has revised the loan request to buy out electricity distribution company, UMEME, from over US$190 million, to over US$118 million. This was contained in the Special Audit Report for the end of lease and assignment between UMEME Limited and Uganda Electricity Distribution Company Limited (UEDCL) that was adopted during…