Uganda urgently needs affordable renewable energy to ensure access to all, especially for rural communities, President Museveni has said.
“Uganda urgently needs renewable energy. We have been talking about having a plant operational in all the major towns. We shall look at all options including direct investments and through bidding for this to happen,” he said.
The president was meeting a team from Polaris Capital Power led by its President Steve Gilchrist and a Director Feizhen Lu. Polaris Infrastructure is a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in 180 countries around the world.
The company is interested in investing in waste management for energy production at landfills in the main cities especially, Kampala.
Gilchrist, a former Member of Parliament in Canada said his company is willing to invest over US$ 70million in renewable energy projects that will create over 45,000 jobs. He said their aim is that after 20 years of well-grounded production, government takes over the projects.
Gilchrist developed a company which has worked with governments in Africa, the Caribbean, South America and Asia to raise awareness of biomass-to-energy power generation opportunities, including a proposed waste-to-energy facility in Ghana and an advanced recycling technology for municipalities in Canada.