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Uganda To Have Africa's First $30M Bio Diesel Plant
27/Aug/2006: Uganda's President Yoweri Museveni has warmly welcomed the investment proposal the country. The president stated this on Thursday at State House, Nakasero in a meeting he held with a delegation of BIDCO Refineries Limited which operates a vegetable oil plant in Jinja Municipality (Uganda District).
Museveni assured the delegation that the government would mobilise sunflower farmers in northern Uganda to form an association with the aim of promoting the cultivation of the crop to facilitate production of bio-diesel.
He said that the potential for production of a variety of oil seeds is very high in the country. The president also told the delegation that government would provide incentives such as tax exemption to further encourage the production of bio-diesel.
He noted with happiness that Uganda is now becoming a permanent producer of oil in general and bio-diesel in particular.
He informed the delegation that it is government policy to centralise the issuing of investment permits within Uganda Investment Authority (UIA) to ease investment related issues. A statement from State House says that BIDCO Refineries CEO, Vimal Shah, revealed that the biodiesel investment is projected to cost $30 million (about 50bn shillings).
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