ERA - Electricity Regulatory Authority

Notice of Consent to Transfer Generation and Sale Licence Number ERA/LIC/GEN/o16/140 Issued to Timex Bukinda Hydro (U) Ltd

In pursuance of its powers under Section 46 of the Electricity Act, 1999, and Regulation 12 of the Electricity (Application for Permit, Licence and Tariff Review) (Regulations), 2007, the Electricity Regulatory Authority hereby gives Notice of its Decision to approve the Transfer of  Licence No. ERA/LIC/GEN/016/140, issued to Timex Bukinda Hydro (U) Limited (the “Licensee”) for the development of the proposed 6.5 MW Hydropower Project in Kibale and Hoima Districts, as follows:-

Shareholder 

Current shareholding 

Shareholding as approved 
  % No. of Shares % No. of Shares
Timex Garments (PVT) Limited 50 7500 0 0
Fergasum Garments Industries (PVT) Limited 50 7500 0 0
Vidullanka PLC 0 0 99.9 7499
Riyaz Mohamed Sangani 0 0 0.01 1

 

Dated this 20th day of March 2017
MANAGEMENT

Last Updated on Friday, 31 March 2017 09:05