Uganda will hold an international power and electricity fair next week, with more than 100 exhibitors from several countries expected at the trade show, the Energy Ministry has announced.
The Power and Elec Uganda 2023 exhibition, which the ministry describes as the largest power, energy, electrical, electronics, renewable, and telecommunications international expo, is set to take place July 13-15 in Kampala.
Speaking to RT, Ali Ssekatawa, director of legal and corporate affairs at Uganda’s Petroleum Authority, explained that the inaugural event is one of the steps the East African country is taking to secure funding for its energy sector projects.
He said that the current global conditions, including donor demands, have compelled Africa to recognize the need to solve its own problems.
“We have taken a step now to create an energy bank that we are going to contribute towards African countries because we realized that the West has started conditioning its money and ordering us to stop production,” he stated.
Ssekatawa told RT that Uganda expects to have “fast oil” by 2025, as well as a pipeline to Tanzania’s coast and a refinery, in order to position itself as Africa’s oil and gas producer.
Source: Russia Today