AAE and Ugandan government enter into power purchase agreement

California-based AAE Systems Inc. and the Ugandan government have entered a power purchase agreement for electricity produced by a 150 MW geothermal plant built in western Uganda, according to Uganda’s New Vision.

The $1.2 billion geothermal plant is expected to be finished in about two years, according to the report from New Vision. The project fits with Uganda’s plan to encourage renewable sources of energy in the country’s effort to expand its power infrastructure.

Currently, about 13 percent of the country’s population is connected to power, according to New Vision. The remaining 87 percent “need it but are unable to have it,” the report states.

AAE will sell the power to Uganda at about eight cents per KWh, according to the report.

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