Wachunguzi wanasema hivi:
Both Upepo Energy and Astra Energy are early stage exploration companies in renewable energy.
These guys at Upepo Energy are backed by a Venture Capital firm that seeks government subsidy and/or guarantee in order to scale up their wind energy and solar energy farms to be commercially viable. In layman’s terms, TANESCO and EWURA would provide a rate guarantee and absorb capacity charges for whatever electricity that Upepo purports to provide. That way, Upepo could turn around and sell out or transfer its interests to a highest bidder and make a windfall.
As for Astra Energy, they’re more or less a shell-company that is traded in OTC/Pink Sheets. They’re structured to attract investors’ money through debt-financing and stock issuance. Last month they signed a deal with TANESCO that allows them to shop around for a capital to build a cycle power plant using natural gas. That agreement with TANESCO became the basis for signing the MoU with the government yesterday in Washington, DC. In the end, they’ll most likely opt for an EPC+F - Engineering, Procurement, Contractor, Plus Financing - deal with the government since they’re a traded company.
Hope this sheds some light to this purported multi-billion dollar investment scheme into the energy sector
Hayo mamilioni tunayotangaziwa yatatoka mifukoni mwetu.
Both Upepo Energy and Astra Energy are early stage exploration companies in renewable energy.
These guys at Upepo Energy are backed by a Venture Capital firm that seeks government subsidy and/or guarantee in order to scale up their wind energy and solar energy farms to be commercially viable. In layman’s terms, TANESCO and EWURA would provide a rate guarantee and absorb capacity charges for whatever electricity that Upepo purports to provide. That way, Upepo could turn around and sell out or transfer its interests to a highest bidder and make a windfall.
As for Astra Energy, they’re more or less a shell-company that is traded in OTC/Pink Sheets. They’re structured to attract investors’ money through debt-financing and stock issuance. Last month they signed a deal with TANESCO that allows them to shop around for a capital to build a cycle power plant using natural gas. That agreement with TANESCO became the basis for signing the MoU with the government yesterday in Washington, DC. In the end, they’ll most likely opt for an EPC+F - Engineering, Procurement, Contractor, Plus Financing - deal with the government since they’re a traded company.
Hope this sheds some light to this purported multi-billion dollar investment scheme into the energy sector
Hayo mamilioni tunayotangaziwa yatatoka mifukoni mwetu.
