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GERMANY-BASED UGANDAN INVESTS US$24.5 MILLION IN PILOT SOLAR POWER PARK

Wednesday, 16th January 2019
H.E. President Museveni, V.P. Ssekandi with the proprietors of M/s Xsabo Group & Great Lakes Energy Company at the commissioning of the Kabulasoke Pilot Solar Power Park
President Yoweri Museveni on 9th January 2019 commissioned a US$24.5 million Pilot Solar Power Park, at Kabulasoke in Gomba District, the largest such venture in the region. 

Owned by Dr. David Alobo, a Ugandan based in Germany, the solar project is the first of a portfolio of five solar power parks worth a total investment volume of US$ 200 million that the M/s Xsabo Group intends to set up. Five solar projects of this nature are soon to be set up in Kasese, Lira, Mubende and Soroti to generate 150MW.

The Kabulasoke solar park project is already connected to the national grid and will serve a population of more than 5 million in rural Uganda.

The President pointed out that for a country to attract such investments, there must be some crucial elements in place and cited peace and social infrastructure, among others, adding that these have been top priority for the Government of the National Resistance Movement.

"The Bible says that what you sow is what you reap. For investors to come to invest their money here, it shows that NRM has put something in place," he noted.

President Museveni saluted Dr. Alobo, who is Managing Director of M/s Xsabo Group, for investing in Uganda. He also lauded Vice President Edward Kiwanuka Ssekandi for leading the project.

Vice President Kiwanuka Ssekandi, on his part, said the project puts Uganda on a strategic level to participate in electricity distribution for all Ugandans. He noted that Dr. Alobo's innovative feat is a response to President Museveni's call for patriotism. He, therefore, called on all Ugandans in the diaspora to emulate him for more projects.

Dr. Alobo thanked the President for coming to witness that achievement saying it is a herald for the beginning. He said the NRM government has continuously put in place the right policy and infrastructure framework that has ensured Uganda remains an attractive investment destination.

Dr. Alobo said the company's choice of renewable energy was based on attracting foreign direct investment.

"How can we talk about surplus electricity when today only between 23 per cent and 28 per cent of our people have electricity and the several investors who visit our country after being wooed by the president decide to go and put their investments elsewhere citing lack of reliable electricity as one of the key reasons?" said Dr Alobo.

Dr. Alobo added that the company's move is in line with projections of solar becoming an important source of power for simple lighting, industrial use and powering cars.

Studies show that solar energy will account for nearly 70 per cent of the global energy mix by the year 2100.

"So solar power could do for Uganda in the next 15 years what mobile phone technology did for communications in the 1990s. We just have to do the needful," he said.

Source: Uganda Embassy, Berlin

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