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Article: Uganda: Wrangles delay $20m Madhvani bio-fuel deal.
- Article from:
- TendersInfo
- Article date:
- August 6, 2009
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Byline: sanjayV03
The Madhvani Group is set to diversify their business empire by investing in a $20 million (Shs44 billion) bio-fuel project but the venture is being delayed by apparent opposition from petroleum companies operating in Uganda.
With over 22 fully operational large-scale companies in the country, which include the Kakira Sugar Works in Jinja, the Madhvanis want to invest in the production of ethanol, the environmentally-friendly bio-fuel, from sugar molasses.
Mr Mayur Madhvani, one of the Group s joint managing directors, told Daily Monitor in an interview that the company has the capacity and is ready to launch the operations, ...