Uganda has decided to build an Iron Ore Smelting plant in Rubanda district. The factory is said to be utilizing gas extracted from the Albertine region as a source of power instead of imported coal.
The smelting plant project is estimated to cost USD 200 million, as revealed by a Principal Geologist in the Ministry of Energy and Mineral Development, Gabriel Data. A 250-acre piece of public land located in Kabirizi, Kanyamatembe and Kishaki villages in Rubanda town council has been issued to pave way for the plant, as reported by Construction Review Online.
Devki Group of Companies under the visionary leadership of Narendra Raval has received the contract of developing the plant. The decision to contact the Company was based on the geological surveys done between 2006 and 2008 that confirmed the existence of 250 million tons of Iron ore deposits in Kigezi region pending extraction, Gabriel Data said.
According to Construction Review Online, the construction of Iron Ore Smelting plant will create jobs for at least 5,000 people. The factory is likely to transform Uganda into a modern industrialized country.