Egyptian company Eying Tanzania Energy Sector
Egypt’s Ambassador to Tanzania
Yasser el Shawaf noted that his country would like to invest in Tanzania’s
energy sector, particularly in electricity generation, to support the country’s
industrialization.
The comments were made during a
bilateral meeting with the Tanzanian Minister of Energy, Sospeter Muhongo,
recently held in Dar es Salaam. During the meeting, Muhongo presented
Tanzania’s investment opportunities in power generation using coal, wind, solar
and natural gas.
He also explained that the Tanzanian
Government will evaluate prospective investors on the basis of their capital capacity,
expertise, and experience. The average electricity consumption per capita in
Tanzania is 108kWh per year, compared to Sub-Saharan Africa’s average
consumption of 550kWh per year.
However, the demand for electricity in
Tanzania is estimated to be growing at 10–15% per year, with currently only 24%
of the total population having access to electricity.
For this, the Government of Tanzania
plans to increase the country’s total installed capacity from the current
1,357.69MW to 4,436MW by 2020 with natural gas accounting for 40% of the
generation mix (1,774MW).
The increase in the natural gas
power plants installed capacity alone will require an investment of USD1.063b.
Egypt’s Ambassador to
Tanzania Yasser el Shawaf noted that his country would like to invest in
Tanzania’s energy sector, particularly in electricity generation, to
support the country’s industrialization.
The comments were made during a bilateral meeting with the Tanzanian
Minister of Energy, Sospeter Muhongo, recently held in Dar es Salaam.
During the meeting, Muhongo presented Tanzania’s investment
opportunities in power generation using coal, wind, solar and natural
gas.
He also explained that the Tanzanian Government will evaluate
prospective investors on the basis of their capital capacity, expertise,
and experience.
The average electricity consumption per capita in Tanzania is 108kWh per
year, compared to Sub-Saharan Africa’s average consumption of 550kWh
per year.
However, the demand for electricity in Tanzania is estimated to be
growing at 10–15% per year, with currently only 24% of the total
population having access to electricity.
For this, the Government of Tanzania plans to increase the country’s
total installed capacity from the current 1,357.69MW to 4,436MW by 2020
with natural gas accounting for 40% of the generation mix (1,774MW).
The increase in the natural gas power plants installed capacity alone
will require an investment of USD1.063b.
Read more at: http://tanzaniainvest.com/energy/egypt-energy-investment and follow us on www.twitter.com/tanzaniainvest
Read more at: http://tanzaniainvest.com/energy/egypt-energy-investment and follow us on www.twitter.com/tanzaniainvest
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