Egyptian company Saad El Din Group set s to invest over $10 million to carry out a plant in Uganda that will manufacture gas cylinders, its chairman Muhammed Saad Eldin said.
The Ugandan Ministry of Energy and Mineral Development has signed a Memorandum of Understanding (MoU) with Saad El Din Group, granting them permission for the development of Liquefied Petroleum Gas (LPG) equipment and supply.
The state Minister for Energy, Eng. Simon D’Ujanga on behalf of Uganda and Muhammed Saad Eldin on behalf of the Saad El Din group signed the MoU.
According to Saad El Din, the group is looking forward to manufacturing a total of 50,000 cylinders annually once the land is secured. “The cylinders will be on the market within 6-12 months and we shall be delivering them at every door step of the likely users.”, he added.
He added that manufacturing the new plant will cut costs of gas cylinders which in turn increase the uptake of renewable energy, particularly gas, in the country as compared to other sources with negative environmental impact such as charcoal and firewood.
