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Govt fails to utilise Shs1.3 trillion of borrowed funds - Vimarsana News

Govt fails to utilise Shs1.3 trillion of borrowed funds

Daily Monitor Wednesday March 17 2021 At least 12 loans expired before they would be disbursed due to low absorption capacity. PHOTO | FILE Summary According to the Auditor General’s report for the year ended June 2020, the failure to utilise the borrowed money  was due to low levels of loan absorption, which is affecting government projects and service delivery. Advertisement Twelve loans valued at Shs1.3 trillion expired before disbursement to respective ministries and government entities for use, according to the Auditor General.  According to the Auditor General’s report for the yea...

OZSC: Ozop Energy Systems Announces New Consulting Engineer - Vimarsana News

OZSC: Ozop Energy Systems Announces New Consulting Engineer

. Ian Graham brings a long record of experience in microgrids, large scale wind, large scale solar, and battery storage. The first 3 years of his career was developing and building microgrids using wind, natural gas, diesel and battery storage. Then transitioned for 4 years on providing solutions for the wind industry as an Owners Engineer on utility projects in the US. The next period was focused on product and project development for battery storage. Reviewing, modeling and designing >1000 projects for a variety of diligence questions including equipment selection, fatal flaw analysis, reso...