Business

Museveni Meets Danish Investors over Power Production

Museveni promised the investors land

President Yoweri Museveni has Tuesday met a delegation of investors from a Danish Company, Burmeister and Wain Grandinavia Contractors (BWSC) at State House, Entebbe.

The delegates briefed Museveni on their interest to invest in the establishment of a hybrid power plant to produce electricity using thermal and solar sources in the country.

They were led by the Chief Executive Officer of BWSC, Martine Manzi and the Company’s Manager in East Africa, Jesper Elling.

Museveni, on his part, advised the company not to sell the electricity that they will generate at more than 8 American Cents per unit.

He assured them that the demand for power in Uganda is increasing, adding that the government will avail them land for the establishment of the power plant.

Manzi, on his part, disclosed that their company will fully finance the project and sell electricity to Uganda’s national grid.

 

Comments

Header advertisement
To Top