We have heard that UMEME has not made losses since 2008, according to sources in the ministry of energy. Sources tell us that UMEME made profits of over 109 billion shillings.
Records indicate that UMEME made 6.9 billion shillings profits in 2010, 14.9 billion shillings in 2009. The revelation has come when UMEME is considering computing power charges based on the US Dollar rate. In some African and European countries, electricity is consumed at low prices the way it is for other services like health care, infrastructure etc.
But some critics say that it is unfair to have a monopoly foreign electricity company that milks profits in Uganda at the expence of Ugandans.
The cost of running businesses in Uganda is very expensive because of high power prices. High power prices make wood a cheap alternative hence hurting the environment.