Ulstein explained that sub-Saharan Africa is one of the most important investment hubs on the continent with unexplored opportunities in the energy sector, which Norway plans to explore so as to create more jobs.
government plans to create 1 million jobs in Sub-Saharan Africa through
establishment of hydro power projects in the region.
International Development Minister, Dag Inge
Ulstein disclosed this during a media briefing shortly after paying a courtesy
visit to Bujjagali Energy Limited (BEL) in Jinja district this morning.
He said Norway is
committed to fund the energy sector, which has career opportunities for the
ever increasing unemployed youth in the region through the state owned Norfund
and SN power.
Ulstein explained that sub-Saharan Africa is one of the most
important investment hubs on the continent with unexplored opportunities in
the energy sector, which Norway plans to explore so as to create more jobs.
//cue in: “The job creation…
Cue out…to this continent,”.
Ali Mukasa, the Director for Project Development in Africa SN
power told URN that they have so far acquired 65% of Bujjagali Energy Limited
and are slated to sign a power purchase agreement with Rwanda over a hydro
power plant at river Ruzizi early next month.
Mukasa says SN power is currently making feasibility studies
in Malawi and Madagascar, which are likely to create more jobs on the
“Our projects in Malawi
and Madagascar are still at infantry stages and our engineers have just
embarked on carrying out feasibility studies of the hydro power energy, but
when all that is done, more jobs will be created in the region,” he said.
Ulstein also disclosed that Norway is set to invest more in
Africa’s energy sector and work on strengthening partnerships with their allies
in the region.
//cue in: “we really want…
Cue out…strengthen our partnership,”.
Peter Lokeris, the Minerals State Minister, said that during
the construction works, Bujjagali Energy Limited alone offered 200,000 jobs to
Lokeris disclosed that Norway has been Uganda’s ally in the
energy sector and provided funds towards the construction of electricity transmission
lines and capacity building for the past 25 years.