Umeme Agreement Form

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MIGA`s participation in this project encourages South-South investment in an IDA-only country. The World Bank is also participating in this project through a guarantee of $US 5 million, which serves as a backstop to the accreditation facility, which is part of the project`s security package. The concession expects Umeme to provide up to 60,000 new routes in the first five years, reduce losses and improve collection rates. Service delivery will be improved by facilitating congestion on lines and substations and replacing weak control masts. Access to electricity is also expanded for households, schools, clinics, hospitals and water systems. More accessible and reliable power should encourage economic activity and generate tax revenues for the government. Umeme will operate an electricity distribution concession in Uganda for 20 years. Globeleq will bring commercial and financial know-how to the consortium, while Eskom will provide much of the technical know-how needed to reverse the underlying business. The distribution network consists of 13,000 km of high-voltage and low-voltage discharge lines that span the entire country, with most customers focusing on the semi-urban strip from Entebbe to Jinja in Kampala. . .

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