UEDCL Records Shs1.71 Trillion Revenue After Power Distribution Takeover
Uganda Electricity Distribution Company Limited (UEDCL) has reported a strong operational and financial rebound in its first year of managing the country’s electricity distribution network, posting Shs1.71 trillion in revenue as it stabilised a system inherited from private operators. The performance comes a year after government repossessed the electricity distribution
UEDCL Secures Shs190b Loan from Absa Bank to Upgrade Electricity Distribution Network
Uganda Electricity Distribution Company Limited (UEDCL) has secured a loan worth Shs190 billion (USD 50 million) from Absa Bank to finance the upgrade and expansion of the country’s electricity distribution network, in a move aimed at supporting Uganda’s economic and industrial growth. The loan agreement was formalized through a memorandum
