$ASRE .1024 +5.84% Astra Energy Project will gener
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Posted On: 07/20/2023 11:35:37 AM
$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
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1️⃣I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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