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:

  • At A J Charnaud & Co (Pty) Ltd we are committed to the safety & satisfaction of our customers
  • Bakery Equipment, Flour Mill, Bread Improver, Dried Fruit Processing machine
  • Engineering Expo, is India’s largest multi-location trade show on manufacturing
  • We have been at the forefront of plate heat exchanger technology.
  • Lavorwash is a world-leader in manufacturing high pressure cleaners and vacuum cleaners for household and professional use.
  • Manufacturing and marketing "aira" brand Valve Automation Products
  • Save your power bill by instaling servo voltage stabilizer.
  •  Ratan Projects & Engineering Co. Pvt. Ltd. is the flagship company of the Ratan
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  • Manufacturer of heavy duty machinery
  • Producing numerous types of welding consumables and welding machines for both the domestic and international market
  • Mini plants of toilet paper rolls production
  • Pumps for dewatering, ground water control, sludge and slurry handling.
  •  JS Electromec Ltd,(JSE Ltd) are registered Electrical contractors and Suppliers of Lighting and Power solutions for residential, commercial and industrial applications in Tanzania.
  • We offers high quality, Competitive price and satisfied service always
  • A world class Rotary Gear Pumps for effective pumping and trasfer of all viscous & semi-viscous liquid like oils, chemicals, food products and more..
  •  Magazine for Africa
  • EMI has a qualified and dedicated team of managers with vast experience in their respective areas of work.
  • Chemicals,Environmental & Sewage,Treatment Laborotory;Equipments Analytical Equipments & Instraments;etc.
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • South African incinerator and cremator designer and manufacturer making significant inroads into overseas markets.
  • Air Conditioning Hire
  • Seco actively contributes to improving your productivity and competitiveness in metal cutting machining.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade