By Watchdog reporter
President Yoweri Museveni has said that the sun is the long-term energy source for Uganda most especially if the high cost of solar energy comes down.
“The long term energy source is the sun for Uganda if the cost comes down,’’ he said.
The President also agreed to the plan by Catalyze Company, which is based in San Francisco in the United States of America, to invest in power production through solar energy in the economy of Uganda at the cost of 10 American cents per unit within 5 years.
The President was on Wednesday afternoon meeting a delegation from Catalyze Company, led by Mr. Matt Cheney, at State House, Entebbe.
Mr. Museveni told his guests that he supports their technology and the 10 cents per unit cost of solar energy which, after 5 years, will come down to 6 cents per unit, because Uganda still has a lot of demand for power. He said he was not worried about the excess power supply in Uganda because the government will attract more factories to utilise the excess power.
He noted that the manufacturing sector requires low cost of power at 5 American cents per unit in order to support production like agro-processing, among others. He said solar energy is still expensive and cannot be used for manufacturing to enhance production.
Mr. Matt Cheney, leader of the delegation, assured the President that they will establish a solar plant of 1,000 Mega Watts under the private partnership to supply power to the people of Uganda. He said the company will also establish energy renewable programs in the country.
Mr. Matt also said that the company has the capacity to provide infrastructure financing for construction of roads, hydropower, among others.
The meeting was attended, among others, the Minister of Energy and Minerals, Irene Muloni and that of Finance and Economic Planning, Matia Kasaija.