matia

Government makes a step towards saving renewable energy projects

By Daudi Zirimala
The Government has signed an agreement with Regional Liquidity support facility and African Trade Insurance Agency to protect new small and mid-sized renewable energy projects.
While signing the agreement the minister of Finance Matia Kasaijja said that the insurance firm will guarantee investors to access finance to invest in renewable energy projects.
He said that government is committed to improving conditions for investors within the energy sector and government has spent USD00k million on improvement of the grid.
The agreement is a guarantee required from the bank that find the projects because many projects have failed in the padt to access finding because this guarantee was not available.

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