Uganda signs $400m deal for green hydrogen fertiliser plant
NMG
NMG
Media Source: The East African (Kenya)
Date: 19 February 2024
Uganda's Energy Minister Ruth Nankabirwa on Thursday signed a Joint Development Agreement with Industrial Promotion Services (IPS), the industrial and infrastructure development arm of the Aga Khan Fund for Economic Development (AKFED), and Westgass International – a Norwegian energy company, for a green hydrogen fertiliser plant. The plant will be strategically located at Uganda’s Karuma, Kiryandogo District, within Bunyoro sub-region to leverage its proximity with the 600 megawatts Karuma hydropower plant. According to Ms Nankabirwa, the significance of the project extends far beyond the realms of agriculture. She said the project aims to reduce the country's dependence on imported fertilisers, therefore strengthening economic resilience and sovereignty with an estimated investment of about $400 million. The Aga Khan Development Network (AKDN) has maintained its engagement in Uganda by continuing to invest in education, healthcare, economic development, and cultural activities, upholding its mandate of improving the quality of life of the communities in which it operates.