October 24, 2017

Dubai-based firm set on solar for eastern Uganda

He said
French-0wned, Tryba Energy joined forces with Z-ONE Holding to set up ZT-Energy and push for Africa’s solar energy development.

May 31—Uganda Electricity Transmission Company Limited (UETCL) has agreed to buy the 10 MW of power, Dubai-based ZT Energy, will be generating from a proposed solar plant in eastern Uganda. The project is being developed at Bufulubi in Mayuge district.

A power purchase agreement (PPA) was signed in April stipulating 11 US cents per kWh, which according to sources, is the lowest rate being offered by a solar power developer in Uganda. Earlier this month, ZT Energy and the Ministry of Energy and Minerals Development signed an implementation agreement.

ZT-Energy is a joint venture between Z-One Holding and the European-based, Tryba Energy. The two joined forces in 2015 to push for renewable energy project development in Africa.

Z-ONE Holding has interests in eight companies representing the whole PV value-chain from equipment manufacturing, distribution, consultancy, EPC and project development. Its partner, Tryba Energy which has headquarters in France, has expertise in photo-voltaic solar plants both on roofs and the ground level.

Uganda’s¬†Renewable Energy Policy of 2007 has encouraged more private sector interest in electricity generation. It offers a raft of incentives including Feed-in-Tariffs to ensure a predictable environment for the investor and tax exemptions.

In December last year, Access Power Middle East and Africa, together with Luxembourg-based Eren Renewable Energy unveiled a $19 million 10 MW solar plant in Soroti town also in eastern Uganda. It supplies about 40,000 households.

 

 

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