Umeme Ltd 2024 Annual Report with Sustainability Disclosures
The report highlights Umeme Limited's operational and financial performance for the fiscal year 2024, marking its 20th and final year of the electricity distribution concession in Uganda. The company expanded its grid-connected customer base to 2.2 million, adding 220,666 new connections, and reduced energy losses to a record low of 16.0%. Financially, revenue increased by 9.3% to Ushs 2.3 trillion, although the company recorded a loss after tax of Ushs 511 billion due to accelerated amortization and provisions related to the concession's end. On the environmental front, Umeme achieved a 7.2% reduction in total greenhouse gas emissions compared to 2023 and maintained a 98.1% share of clean energy in its consumption profile.
Company: Umeme Ltd
Sector: Energy utilities
Country: Uganda
Year: 2024
Type: Annual Report with Sustainability Disclosures
Pages: 172
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Umeme Ltd
Annual Report
The report highlights Umeme Limited's operational and financial performance for the fiscal year 2024, marking its 20th and final year of the electricity distribution concession in Uganda. The company expanded its grid-connected customer base to 2.2 million, adding 220,666 new connections, and reduced energy losses to a record low of 16.0%. Financially, revenue increased by 9.3% to Ushs 2.3 trillion, although the company recorded a loss after tax of Ushs 511 billion due to accelerated amortization and provisions related to the concession's end. On the environmental front, Umeme achieved a 7.2% reduction in total greenhouse gas emissions compared to 2023 and maintained a 98.1% share of clean energy in its consumption profile.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
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:
Energy Consumption
Renewable Energy
Workplace Fatalities
Employees