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Umeme (UMME) Realtime Stock Quote | Nairobi Securities Exchange | myStocks

Umeme Ltd (UMME)

  
End of day - Nov 20, 2024
16.60
+0.45 (+2.79%)
16.15
Previous
16.60   +0.45 (+2.79%)
End of day - Nov 20, 2024
16.60
High
16.60
Low
1,300
Volume
21,580.00
Turnover
13.00 - 17.90
52-week Range
 
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Corporate Actions Outlook

Payment of UGS 26.00 interim dividend Oct 31 2024
Payment of UGS 26.00 final dividend Oct 31 2024
Book closure UGS 26.00 interim dividend Oct 10 2024
Book closure UGS 26.00 final dividend Oct 10 2024
Payment of UGS 54.20 final dividend Jul 19 2024
Announced a UGS 26.00 interim dividend Jul 19 2024
Announced a UGS 26.00 final dividend Jul 19 2024
Book closure UGS 54.20 final dividend Jun 28 2024

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Brief Company Profile

Market Segment: Main Investment Segment
Sector: Energy and Petroleum

Umeme took over the distribution system for the distribution and supply of electricity in Uganda from Uganda Electricity Distribution Company Limited (UEDCL) under the Concession for a period of 20 years, commencing 1 March 2005. Under the Concession, Umeme is also required to repair, upgrade, and expand the Distribution System within Uganda and such contiguous areas as Umeme and Electricity Regulatory Authority (ERA) may agree. Through the concession, Umeme operates as the primary electricity distribution company in Uganda, responsible for distributing electricity to Ugandan residents and commercial entities. UEDCL owns the distribution network that has been leased to Umeme under the Privatisation Agreements.

Umeme purchases electricity from Uganda Electricity Transmission Company Limited (UETCL), which owns and operates the high voltage transmissions network of up to 132kV. UETCL purchases electricity from several sources including: Eskom (U) Limited, operators of the Nalubaale and Kiira hydroelectric power generation stations; Bujagali Energy Limited which operates the Bujagali hydroelectric power plant; Jacobsen Elektro AS, Electro-Maxx, Tronder Power Ltd, and other smaller Independent Power Producers (IPPs). Umeme’s core business activities include Electricity distribution that involves the operation, maintenance, upgrading and expansion of the distribution network within Uganda and Electricity supply and after sales service.

Jan 16, 2017
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