Umeme Ltd 2023 Annual Report with Sustainability Disclosures
The report highlights Umeme Limited's operational and financial performance for the fiscal year 2023, marking its 19th year of operations in Uganda. Key achievements include expanding the grid by adding 191,874 new customer connections, bringing the total customer base to 1.9 million. The company successfully reduced energy losses to a record low of 16.2% and maintained a strong revenue collection rate of 99.0%. Financially, electricity revenues increased by 14.2% to Ushs 2,089 billion, while the company fully repaid its outstanding term debt. Additionally, Umeme achieved a 15.8% reduction in its carbon footprint compared to the 2022 baseline and conducted a comprehensive climate risk assessment across all substations.
Company: Umeme Ltd
Sector: Energy utilities
Country: Uganda
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 168
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Umeme Ltd
Annual Report
The report highlights Umeme Limited's operational and financial performance for the fiscal year 2023, marking its 19th year of operations in Uganda. Key achievements include expanding the grid by adding 191,874 new customer connections, bringing the total customer base to 1.9 million. The company successfully reduced energy losses to a record low of 16.2% and maintained a strong revenue collection rate of 99.0%. Financially, electricity revenues increased by 14.2% to Ushs 2,089 billion, while the company fully repaid its outstanding term debt. Additionally, Umeme achieved a 15.8% reduction in its carbon footprint compared to the 2022 baseline and conducted a comprehensive climate risk assessment across all substations.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Mar 22, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Employees