Astra Energy (OTC: ASRE), a renewable and waste-to-energy project developer and technology acquisition company, is in discussions with the government of Tanzania to construct a combined cycle power plant using natural gas as feedstock. The company announced that it has met with Tanzania Electric Supply Company Ltd. (“TANESCO”), the country’s vertically integrated electricity utility company, which authorized Astra to prepare a project concept note. This note outlines key technical and financial parameters of the proposed project and will be reviewed for approval by TANESCO and the Ministry of Energy. The company called this a “milestone” and noted that it is an indication of efforts of the country’s new leadership to create a conducive and supportive environment for foreign direct investment in infrastructure development intended to stimulate the country’s aggressive manufacturing sector. According to the announcement, Tanzania will need a significant amount of electricity to power its planned economic growth and transformation strategy. “Astra is pleased to announce the achievement of this milestone, as it is an indication of the willingness of the government of Tanzania to work directly with Astra Energy to advance this significant project,” the company announced in a press release.
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About Astra Energy Inc.
Astra Energy invests in and develops renewable and clean energy projects in markets where demand is high, supply is limited and there is opportunity to address other imminent market needs. Astra’s corporate strategy is rooted in securing technologies and assets; identifying viable market opportunities; and bringing together resources, expertise, technology and defined action plans to execute first-in-class projects that benefit communities, local economies, the planet and the company’s investors. As a publicly traded company, Astra Energy is dedicated to maximizing shareholder value. In addition, it’s our goal to create a more secure and sustainable power sector that supports our company’s purpose, mission and values to transform the economic, environmental and social landscape for generations to come. For further information about the company, visit www.AstraEnergyInc.com
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