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TotalEnergies Signs Renewable Energy Deal with Uganda

TotalEnergies has signed a renewable energy deal with Uganda that will see the company explore opportunities and develop renewable energy projects in response to the global push for clean energy.

The dealwill see the company produce Liquefied Petroleum Gas (LPG) and also deploy large-scale renewable energy technologies to identify areas of commercial investment. The MoU says the company will also explore wind and geothermal projects to produce energy for the national grid.

According to the MoU, TotalEnergies will develop and deliver the identified projects with a combined output capacity of 1 gigawatt by 2030. This will increase the share of Uganda’s renewable energy, and raise the uptake of LPG to end mass reliance on biomass.

At the same time, TotalEnergies and its partner China National Offshore Oil Corporation have reached a deal with Uganda and Tanzania to invest more than $10 billion in developing crude oil production in East Africa.

The project will cover the development of oil fields, processing facilities and a pipeline network in Uganda, plus an export pipeline through Tanzania to carry landlocked Uganda’s crude to a port on the Indian Ocean.

See Also:

TotalEnergies Six-Month Profit Climbs 50% to KSh1.7 Billion

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