Taylor Biomass Energy Uganda (TBEU) will invest $160m to build a biomass power plant in Uganda.
The 40MW plant will be the first major renewable energy project in Uganda that is suffering frequent power cuts due to supply shortage and its run-down transmission network, reports Reuters.
The plant will use about 1,030t of municipal solid waste daily from Kampala and the Wakiso district to generate energy for over 35,000 homes.
The project will also eliminate greenhouse gaseous emissions of about 3 million tons per year, once operational.
TBEU will execute the project in concert with its part owner, Taylor Biomass Energy of the US.
The construction of the plant is expected to be completed in two years.