Roberto Kreimerman, Minister of Industry, Energy and Mining is looking for foreign capital. He has urged Japanese companies to invest in the renewable energy industry, since the present Government of Uruguay has proposed to develop this economic area.
The Minister, who was invited to Tokyo by the Japanese Executive as part of the commemoration of 90 years of relations between the two countries, has requested assistance in the seminar "Uruguay as an investment destination," which was attended by about a hundred professionals.
During the ceremony, Kreimerman highlighted the political stability of Uruguay, its average growth of 6.4 percent of GDP over the last decade and the recent development of domestic industries of medium and high technology and, in a separate chapter, the potential of investments that the current energy industry is offering. "The country needs to grow in energy and our bet is renewable energy," stressed Kreimerman.
The minister has defended the strength of the current Uruguayan energy policy, which has been agreed by the four national parliamentary parties and pretends that in 2015, half of the country's energy come from renewable sources.
Kreimerman stressed that Uruguay is a country "with a good supply of wind" for wind power generation, is rich in biomass because it is a country with an agro-industrial base and it has potential in the field of biofuels, as a producer of soybeans, sorghum or corn.
He also highlighted the current emphasis of the Government of José Mujica for promoting the thermal solar energy and, soon, the photovoltaic energy, thanks in part to donations from Japan to investigate its use in Uruguay.
Meanwhile, Yoshihisa Ueda, representative of the Inter-American Development Bank (whose headquarters in Tokyo hosts the seminar) said that renewable energy can attract in the future to Japanese investors, as Japanese companies enjoy special strength in the technology for their generation.
"I foresee a great perspective to this industry in the area," said Ueda. (EFE)
Date: September 30, 2013