Rural power investors to get 70% subsidies
May 15, 2005
THE Government will provide 60% to 70% subsidies to investors in rural electrification, the minister for general duties in the office of the Prime Minister, Prof Mondo Kagonyera, has said.
By Stephen Ssenkaaba
THE Government will provide 60% to 70% subsidies to investors in rural electrification, the minister for general duties in the office of the Prime Minister, Prof Mondo Kagonyera, has said.
“The Government is ready to support anyone who invests in rural electrification. If that project were to cost $1m (sh1.7b), it will be subsidised with between $600,000 (sh1.06b) and $700,000 (sh1.2b),†he said.
Kagonyera said this recently at the Uganda Industrial Research Institute in Nakawa, while awarding certificates to participants of an electronic learning course.
He said rural electrification is critical to development.
Kagonyera urged the business community to invest in information and communication technology (ICT) to improve their products and stamp out poverty.
“No amount of democracy or free elections will get us out of poverty. It is ICT knowledge that will bail us out,†he said.
The ICT programme was supported by Uganda Industrial Research Institute and the University of Applied Sciences for Technology and Business of Furthwangen, Germany and GTZ.
Ends
THE Government will provide 60% to 70% subsidies to investors in rural electrification, the minister for general duties in the office of the Prime Minister, Prof Mondo Kagonyera, has said.
“The Government is ready to support anyone who invests in rural electrification. If that project were to cost $1m (sh1.7b), it will be subsidised with between $600,000 (sh1.06b) and $700,000 (sh1.2b),†he said.
Kagonyera said this recently at the Uganda Industrial Research Institute in Nakawa, while awarding certificates to participants of an electronic learning course.
He said rural electrification is critical to development.
Kagonyera urged the business community to invest in information and communication technology (ICT) to improve their products and stamp out poverty.
“No amount of democracy or free elections will get us out of poverty. It is ICT knowledge that will bail us out,†he said.
The ICT programme was supported by Uganda Industrial Research Institute and the University of Applied Sciences for Technology and Business of Furthwangen, Germany and GTZ.
Ends