By Our Reporter
Uganda has been endorsed to receive US$ 50 million by the Climate Investment Funds (CIF) under its dedicated fund for Scaling Up Renewable Energy in Low Income Countries Program (SREP).
The funding will go towards advancing geothermal exploration, solar photovoltaic net metering, the building of mini-grids and the development of wind power in the east African country.
James Baanabe, Uganda’s Commissioner of the Energy Efficiency and Conservation Department in the Ministry of Energy and Mineral Development said, “Uganda is placing energy at the forefront of its social economic development. Right now, only 17% of the population has access to electricity. In rural areas, that figure drops to 7%. Energy is the driver of social economic development so adequate and reliable renewable energy is vital to our vision of becoming a prosperous country within 30 years.
