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UIA Enters $70 Billion Development Deal with Malaysian Firm

BioRefineries/Renewable Fuel Production, Business News/Analysis, China, Feedstocks, Field/Orchard/Plantation Crops/Residues, Funding/Financing/Investing, Green Jobs, Malaysia, Uganda
March 5, 2018
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by Bridget Asiimwe (The Observer)  Uganda Investment Authority has entered a multi-billion deal with a Malaysian firm with an aim of transforming the country into a green economy by 2040 through a series of four integrated green projects led by bio-fuels.

The $70bn project will be implemented by Bionas East Africa Group Limited, a subsidiary of Bionas Agropolitan Technology Corridor (BATC) Development Berhad.

The implementation will be through a public-private partnership on a build-operate-transfer model. According to a memorandum of understanding signed by the UIA executive director Jolly Kaguhangire with Bionas on February 23, 2018, after 25 years, the investors will leave and everything will go back to the government. 

BATC has already secured $15.4 billion of private debt investment and equity.

…

The BATC international construction consortium will bring in 100 per cent investment for all the projects. It will also provide a certified regime of the best technologies of Jatropha Curcas seeds, nursery and plantations systems, press mill, bio-addictives and biofuels production.

…

UIA has initiated discussions with the ministry of Lands, Housing and Urban Development as well as that of local government for land allocation.

Kaguhangire, however, urged Ugandans to collaborate and provide land for the project to run in their areas because the development is people-centred.

At every block, there will be schools, hospitals and other business uncommon in rural areas. Above all, rural electrification is one of the main objectives of this project.

As a strategy for climate change mitigation, a total of 4.12 billion Jatropha trees will be planted within the 240 blocks.

…

According to Bionas, the project will be implemented by a consortium of 21 Malaysian and six Chinese companies with various required expertise.    READ MORE

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BioRefineries/Renewable Fuel ProductionChinaeconomic developmentelectricity/power generationgovernment investmentGreen JobsInvestingJatrophaMalaysiarural developmentUganda
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price risk management RJ-4 RJ-6 RME (rape methyl ester) RME180 RNA (Ribonucleic acid) RNG tax credit roadmap rocket fuel Romania RON (Research Octane Number) rotation crops royalties RP-1 RTP (rapid thermal processing) rubber rumen ruminants rural development Rural Energy for America Program (REAP) Rural Energy Self-Sufficiency Initiative Russia Russian olive rutabaga Rwanda ry rye Rye grass s saccharification SAF30 SAF40 Safer and Affordable Fuel Efficient Vehicles (SAFE) safety safflower SAF pipeline sago pond weed SAIC SAK Salicornia salt-tolerant saltbush saltcedar sal tree salt water Sanctions Santa Monica sardine oil Saskatchewan Saudi Arabia sawdust scale up Scandinavia scholarships/fellowships Science Advisory Board (SAB) Science Policy Scotland scum sea level rise seaports seashore mallow seawater Seaweed/Macroalgae seaweed cultivation Section 526 Securities and Exchange Commission (SEC) seed-to-wheel seed husks Senegal Serbia sesame sewage Seychelles shale shale gas shale oil 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