M a r k e t N e w s

Tanzania: Nigerian Firm Eyes 1.4trn/ - Power Project in Dar

Posted on : Saturday , 1st October 2016

 Lagos — Nigerian company, Egbin Power Plc, has expressed interest to invest 630 million US Dollars (about 1.4trn/-) in construction of a natural gasfired power plant in Tanzania.

 
The major boost to the country's power generation is the newest public-private partnership project expected to turn around the energy sector in the East African nation.
 
Speaking to Tanzanian journalists on a five-day tour of Nigeria yesterday, the firm's Chief Executive Officer, Mr Dallas Peavey, said the construction of the plant is expected to commence anytime after the company, under Sahara Group, has inked the investment pact with the host government.
 
"We plan to set-up two plants, each generating 450 MW....all we are awaiting now are the government approval and Tanesco's (Tanzania Electric Supply Company) proposal," he stated.
 
The key pending issues so far include the plant specifications and the specific location to build the plant. The company management has already visited Dar es Salaam six times, holding talks with senior government officials, including the Prime Minister, Mr Kassim Majaliwa.
 
Other officials met are Finance and Planning Minister, Dr Philip Mpango, Energy and Minerals Minister, Prof Sospeter Muhongo and TANESCO Managing Director, Mr, Felchesmi Mramba. According to Mr Peavey, the investment, if approved, will take 12 months to complete the first phase.
 
"We are interested in power generation. We have the expertise and experience from our operations in the United States of America, Argentina, Africa and Europe," he stated.
 
The CEO, however, decried the government sluggishness in approving the project.

Source : allafrica.com
Featured Companies
  • dubaiexporters.com

Complete List  

Advertisers in previous issue:

  •  ABL Machine Tools, One of the group companies of ABL India is India
  • Suppliers of generators for every application
  • Multi feedstock batch processing biodiesel equipment
  • Manufacturer & Trader of coil winding machines, toroidal coil winding machines, wire bunching machines, complete winding solution
  • Worthington Products is the World’s most trusted name when it comes to providing quality waterway barriers for Debris Control, Dam Safety, Ice-Booms, Fish Guidance
  • KJV is a professionally managed group in distribution & transmission sector involved in executing contracts
  • Sonmez Makina Ltd. is a manufacturer and exporter company for filling systems of domestic use LPG cylinders.
  • Industrial  machinery
  • Solarway is a forward thinking creative think tank that develops personalised and sustainable power solutions for people with limited or no access to power.
  • Save your power bill by instaling servo voltage stabilizer.
  • Luminous Power Technologies Limited is a leading company with a differentiated portfolio of solutions for packaged power, diversified generation, electrical control & safety and energy optimization.
  • Chemicals,Environmental & Sewage,Treatment Laborotory;Equipments Analytical Equipments & Instraments;etc.
  • Dedicated to the Engineering Manufacturing Sector in India
  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • Specialty and Custom Chemicals Exhibition
  • Automatic brick manufacturing machines
  • Manufacturer of extrusion lines,extruders and down stream equipment.
  • Mini plants of toilet paper rolls production
  • Catering for the most varied industrial storage requirements.
  • Bakery Equipment, Flour Mill, Bread Improver, Dried Fruit Processing machine
  • Vrushabh is one of the leading manufacturer and distributor of Conveyor Belts, Transmission Belts, Elevator Belts, PVC Belts.
  •  Triveni Turbine Ltd. is a leading industrial steam turbine manufacturer, with a dominant market share of 58% in India.
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2026 Afrotrade