Umeme Ltd 2020 Annual Report with Sustainability Disclosures
The report details Umeme Limited's financial and operational performance for the fiscal year ended December 31, 2020. During the year, the company navigated challenges from the COVID-19 pandemic, connecting 59,623 new customers to the grid and achieving a customer satisfaction index of 72.5%. Umeme invested Ushs 279 billion in capital projects, including substation upgrades and network integration, to improve supply reliability. However, financial performance was impacted, with profit after tax decreasing to Ushs 43.1 billion due to regulatory lags and increased energy losses of 17.5%.
Company: Umeme Ltd
Sector: Energy utilities
Country: Uganda
Year: 2020
Type: Annual Report with Sustainability Disclosures
Pages: 164
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Umeme Ltd
Annual Report
The report details Umeme Limited's financial and operational performance for the fiscal year ended December 31, 2020. During the year, the company navigated challenges from the COVID-19 pandemic, connecting 59,623 new customers to the grid and achieving a customer satisfaction index of 72.5%. Umeme invested Ushs 279 billion in capital projects, including substation upgrades and network integration, to improve supply reliability. However, financial performance was impacted, with profit after tax decreasing to Ushs 43.1 billion due to regulatory lags and increased energy losses of 17.5%.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Mar 19, 2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees