The signing of the PFA means pre-Final Investment Decision (FID) activities like Front End Engineering and Design (FEED), Project Capital and Investment Costs Estimation (PCE), Environmental and Social Impact Assessments (ESIA) can commence.
President Museveni Tuesday presided over the signing of the agreement between the Minister or Energy Irene Muloni and representatives of the American consortium General Electric Co. to pave way for completion of project financing and technical aspects that will lead to the construction works on the refinery.
During the occasion, the president challenged Western companies to take interest in helping Africa explore its resources potential, saying the continent presents immense business opportunities.
“There is a lot of sleeping in Africa. You find people who should know but instead don’t know,