Raising capital for biomass project


Uhuru Energy, a market leader in large-scale biomass-to-energy project development, has appointed Havaic in an advisory role in its first capital raising initiative. The focus of this round of fundraising would be to facilitate the progression of certain projects through the approval phase. The company has identified the opportunity provided by biomass as the primary feedstock for any form of energy (including electricity, gas for manufacturing, processing and transport, and fuel for transport and related applications), particularly across Africa, given the extreme shortage and attendant high costs attached to energy. This forms the basis of its renewable energy solutions, and converges with the increasing focus of climate change alleviation together with the imperatives driving sustainable economic and social development.

Contact Mark Kaplan, Uhuru Energy, Tel 082 552 7509, emjaykay@tiscali.co.za

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Source: EE plublishers

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