$ASRE .1024 +5.84% Astra Energy Project will generate 50MW of clean and renewable energy on Unguja Island, the largest island in the Zanzibar Archipelago and the seat of Zanzibar’s semi-autonomous government. It will be comprised of 42.5 megawatts of solar generation, coupled with the ASRE proprietary Regreen waste-to-energy technology, which will generate the remaining 7.5 megawatts while consuming and eliminating approximately 300 tons of municipal solid waste (MSW) daily.
The Project will also include a battery energy storage system (BESS), a much-needed source of grid stability and a peak power source for the island. ASRE intends to own and operate the Project as an independent power producer (IPP), selling the power to Zanzibar Electricity Corporation (ZECO), Zanzibar’s state-owned utility, via a long-term power purchase agreement. The Project will complement the Zanzibar Energy Sector Transformation Project (ZESTA), a $142M World Bank and Clean Technology Fund initiative whose objective is to “expand access to electricity service and to create an enabling environment for private-sector participation in the Zanzibar electricity sector.”
For more information on $ASRE visit: www.astraenergyinc.com
The Project will also include a battery energy storage system (BESS), a much-needed source of grid stability and a peak power source for the island. ASRE intends to own and operate the Project as an independent power producer (IPP), selling the power to Zanzibar Electricity Corporation (ZECO), Zanzibar’s state-owned utility, via a long-term power purchase agreement. The Project will complement the Zanzibar Energy Sector Transformation Project (ZESTA), a $142M World Bank and Clean Technology Fund initiative whose objective is to “expand access to electricity service and to create an enabling environment for private-sector participation in the Zanzibar electricity sector.”
For more information on $ASRE visit: www.astraenergyinc.com
