Astra Energy (OTCQB: ASRE) today announced that it has successfully presented a feasibility report and executed documentation to secure 207 acres of land on a 33-year renewable lease with the Revolutionary Government of Zanzibar for Astra’s Zanzibar Clean and Renewable Energy Park project (“ZCREP”). Astra officials met with the president of Zanzibar, H.E. Dr. Hussein Mwinyi (“H.E.”), along with officials from Zanzibar Electricity Corporation (“ZECO”), the Ministry of Water, Energy and Minerals, and the Zanzibar Utilities Regulatory Authority, and presented the completed feasibility study for the project. H.E. restated his continued support for the ZCREP project and encouraged Astra and the government officials present to “start negotiations on a power purchase agreement immediately.” “This project will generate green, long-term, sustainable revenue for the company and deliver value to shareholders, while creating value for the residents of Zanzibar by providing a stable source of clean and renewable energy on the island,” said Tony Thompson, Astra’s VP of Electrical Power Generation.
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About Astra Energy Inc.
Astra is an integrated solutions provider investing in and developing renewable and clean energy projects in markets where demand is high, supply is limited and there is an 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. Its goal is to create a more secure and sustainable power sector that supports the company’s purpose, mission and values to transform the economic, environmental and social landscape for generations to come. For more information on Astra Energy Inc., visit the company’s website at www.AstraEnergyinc.com.
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