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26 March 2004

Uganda Government Gazette dated 2004-03-26 number 14

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I. XCVII No. 14                                                       26th March, 2004                                       Price: Shs. 1000

                              CONTENTS                                    Page    The Divestiture was implemented as follows:
! Advocates Act—Notice ....................................                 83    o The Divestiture and Reform Implementation Committee in
(Public Enterprises Reform and Divestiture                                            its 290th meeting held on the 1st day of November, 2002
(ct— Notice .........................................................        83       agreed that the Uganda Electricity Generation Company
-Electoral Commission—Notice                            ..............       84       Ltd. be concessioned to Eskom Enterprises Africa (EEA)
(Companies Act—Notices....................................                   84        for a 20 year concession after public tendering. The
-Trade Marks Act— Registration of applications                            85-89        address of notice of UEGCL is as follows:
/ertisements ..........................................................   89-90        Uganda Electricity Generation Company Ltd.
                                                                                       P.O. Box 1101
                         SUPPLEMENTS                                                   Jinja - Uganda.
I                                                                                 o The successful bidder was Eskom Enterprises Africa,
l5—The Finance (Amendment) Bill, 2004.
                                                                                       Megawatt Park, Maxwell Drive, Sunninghill, Sandton,
tutory Instruments                                                                     P. O. Box 1091, Johannesburg 2000, South Africa.
  14— The Passport Regulations, 2004.                                              o The Divestiture and Reform Implementation Committee
 15— The Registration and Control of Aliens                                             accepted an offer of US $500,000 being the transaction
   Regulations, 2004.                                                                   fee and additional payments of Monthly concession fee
 16— The Uganda Citizenship and Immigration Control                                     deduced as follows:
   Regulations, 2004.
                                                                                        o UEGCL's existing debt obligations
‘J                                                                                      o Depreciation of UEGCL's assets
il—The Land (Amendment) Act, 2004.                                                      o Interest on any new debt raised by UEGCL to fund
  2—The Financial Institutions Act, 2004.                                                   the investment program, and
                                                                                        o UEGCL's administrative costs.
lerai Notice No. 102 of 2004.                                                      • EEA's bid was evaluated on the basis of its proposed
             THE ADVOCATES ACT.                                                         Generation Operational and Maintenance Charge
                     NOTICE.                                                            (GOMC) for the first seven (7) years of the Concession,
                                                                                        thereafter subject to review for the remaining period of
Plication for a certificate of eligibility.                                             the Concession, as well as its proposed rate of return on
* is hereby notified that an application has been                                       all investments the company makes. Here below is
jented to the Law Council by Harriet Nabankema who is                                   EEA's GOMC as presented to and accepted by GOU:
,id to be a holder of Bachelor of Laws of Makerere
                                                                                        0    Year 1      USD $6,661,000
 versity having been awarded a Degree on the 27th day of
                                                                                        o    Year 2      USD $6,106,000
 il 2001 and to have been awarded a Diploma in Legal
tace by the Law Development Centre on the 31st day of                                   0    Year 3      USD $6,388,000
                                                                                        0    Year 4      USD $6,276,000
/ 2002 for the issue of a Certificate of Eligibility for
                                                                                        o    Year 5      USD $5,657,000
 y of her name on the Roll of Advocates for Uganda.
                                                                                        o    Year 6      USD $5,304,000
 ‘ipala,                     HELLEN OBURA (MRS),                                        0    Year 7      USD $5,388,000
'( January, 2004.        Acting Secretary, Law Council.                            EEA further proposed a 12% rate of return on the
*
                                                                                    investments made.
 eral Notice No. 103 of 2004.                                                       • The consultants engaged by the Government of Uganda
                                                                                         for the divestiture were as follows:
M THE MATTER OF THE COMPLETION OF THE                                                    o Transaction Advisors: PAConsulting Group, Inc.
   DIVESTITURE OF UGANDA ELECTRICITY                                                                                  1750 Pennsylvania Ave
    GENERATION COMPANY LTD. (UEGCL)                                                                                   NW Suit 1000
                        NOTICE                                                                                        Washington DC 20006 USA
 Under Clause 12(5) of the Privatisation Guidelines,                                     o Legal Advisors:            Hunton &Williams
^cond Schedule of the Public Enterprises Reform and                                                                   951 East Byrd Street
                                                                                                                      Richmond, Virginia USA
; Divestiture Act Cap. 98 Laws of Uganda 2000)
                                                                                         o Investment Bankers:        Fieldstone Africa (Pty) Ltd.
'Utility Reform Unit of the Ministry of Finance, Planning                                                             P. O. Box 41657. Craighall 2024
  Economic Development of the Republic of Uganda                                                                      No.3 Anderson Park Mews,
 by notifies the general public that the Divestiture of the                                                           Summit Rd
lie enterprise known as Uganda Electricity Generation                                                                 Dunkcld West, Hyde Park
 ipany Limited (UEGCL) was completed on the 26th day                                                                  South Africa.
 tvember 2002 by signing a Concession and Assignment                                DATED at Kampala this 9th day of March, 2004.
.iement relating to the Nalubale and Kiira Hydroelectric                                                        EMMANUEL B. NYIRINKIND1,
pities located near Jinja, Uganda.                                                                                    Director, Utility Reform Unit

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