Astra Energy Inc. Announces Preliminary Steps to Invest in the Uganda Energy Sector

A letter from the government of Uganda written to Astra Energy indicates that the government is keen to partner with Astra Energy to develop the first-ever natural gas-fired combined cycle power plant in Uganda to enhance the country’s energy mix, as well as guarantee an uninterrupted and low-cost power supply within that country. Uganda has initiated ambitious economic growth goals that require power.

The government has requested that Astra commission a feasibility study to enable the two parties to enter into negotiations for a power purchase agreement (PPA). Once a PPA is signed, Astra will develop the power plant and operate it. This is in alignment with Astra Energy’s mission to develop first-in-class clean and renewable energy projects in markets where demand is high, supply is limited and local communities can benefit.

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