President Yoweri Museveni has held a meeting with a South Korean delegation from Zion Korea Limited Company that is interested in investing in the Ugandan energy sector.
The meeting took place this afternoon at the President’s Parliamentary Office in Kampala. Mr. Museveni told his guests who were led by the Chief Executive of the South Korean company, Mr. Jeon Koang Woo, that in line with the NRM Manifesto of wealth and job creation, the Government has been fighting unemployment on several fronts especially through encouraging more investments into the country.
Mr. Museveni, therefore, observed that the power plant investment venture that the South Korean entrepreneurs are going to establish in Uganda is welcome.
The President emphasized that Uganda needs more power production ventures in order to ensure that industrial establishments and wananchi access electricity at favourable cost per unit.
According to Mr. Jeon Koang Woo, their company aims at building a power plant in Uganda with an output capacity of 40 Megawatts annually offering direct employment opportunities to 2,000 employees and indirect working opportunities to 3,000 workers.
He also added that the company, in addition to direct power production, will manufacture solar panels and batteries.