UETCL CONVENES 17TH ANNUAL GENERAL MEETING

The Uganda Electricity Transmission Company Limited (UETCL) convened its 17th Annual General Meeting (AGM) for the Financial Year 2024/2025 on 26th March 2026, bringing together shareholders and key government stakeholders to review the Company’s performance and strategic direction.

The meeting was attended by the Minister of Energy and Mineral Development, Hon. Dr. Ruth Nankabirwa, and the Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija. Also, present were the State Minister for Energy, Hon. Sidronius Okaasai Opolot; the Permanent Secretary at the Ministry of Energy and Mineral Development, Eng. Irene Bateebe; representatives from the Office of the Attorney General; as well as members of UETCL’s Board of Directors and Senior Management.

In his address, UETCL Board Chair, Mr. Kwame Ejalu, highlighted the Company’s performance over the financial year and reaffirmed its commitment to delivering on its strategic objectives and supporting national energy sector priorities.

During the year under review, UETCL recorded a 9.3% increase in revenue from energy sales, rising to UGX 1,672.8 billion from UGX 1,530.0 billion in the previous financial year. Electricity sales volumes grew by 11.8% to 6,745.08 GWh, driven by increased system demand, while peak system demand rose to 1,202.9 MW. These trends underscore the country’s growing electricity needs and the critical role of sustained investment in transmission infrastructure.

In her remarks, Hon. Dr. Ruth Nankabirwa commended UETCL for the continued expansion and strengthening of the national transmission grid. She urged the Company’s management to remain focused on delivering a reliable, efficient, and future-ready transmission system to support Uganda’s socio-economic development.