ASRE - Astra Energy Inc. Provides Shareholder Update | Benzinga
SAN DIEGO, Jan. 18, 2024 (GLOBE NEWSWIRE) -- via IBN -- Astra Energy Inc. (OTCQB:ASRE) ("Astra" or the "Company") is pleased to provide a shareholder update.
Dear Shareholders,
The last several months have been very busy and successful in building value for your company, Astra Energy Inc. We thank you for your support and confidence. As everyone is witnessing, the world is championing the clean and renewable energy transition alongside a growing demand for reliable power source alternatives. We believe our focus on sourcing and advancing technologies and projects in the energy sector, as well as engaging directly in project development will lead to great value for all of us as stakeholders. Listed below is an update on our progress.
Project Development Portfolio
Astra advanced discussions regarding a Power Purchase Agreement for a Clean and Renewable Energy Park Project ("Project") in Zanzibar which combines a 45 MWp solar PV project and a waste-to-energy plant designed to transform the waste for the island nation to produce either valuable commodities or energy. Astra has already secured over 200 acres of land for the Project adjacent to Kibele landfill as previously announced. This Project will serve as a model for a comprehensive solution for the elimination of waste to create energy that can be extended to the benefit of other regions.
Recently, Astra engaged a world class engineering partner to conduct a comprehensive full project Feasibility Report for the 350-Megawatt Combined Cycle Power Plant in Tanzania. This project is being developed by the Company's subsidiary Astra Energy Tanzania Limited, along ...