Tanzania Save USD7.4b Thanks to Natural Gas Power Production
Since
2004, the Government of Tanzania saved USD7.4b from petroleum products
importation used for electricity generation thanks to power production from
recent natural gas discoveries.
The announcement was made by Aristides Katto ,
Senior Research Officer at the Tanzania Petroleum Development Corporation
(TPDC) during a recent news symposium on oil and gas in Bagamoyo.
Katto told
local media that Tanzania’s vast natural gas discoveries also promote the
development of its industrial sector.
A recent
report by the Tanzanian Ministry of Energy and Minerals shows that the
country’s installed capacity of gas fired power plants stood at 711MW in 2015,
accounting for about half of the 1,516MW total installed capacity connected to
the national grid.
Furthermore, Tanzania’s installed capacity of
gas fired power plants is projected to increase by 150%, from 711MW in 2015 to
1,774MW by 2020, which requires an investment of about USD1.063b.
Tanzania
Natural Gas Tanzania has the second largest natural gas reserves in East Africa
with 57 trillion cubic feet (tcf) so far discovered, behind Mozambique with 100
tcf according to the Energy Information Administration (EIA). According to the
latest data, power generated from gas rose by 67%, from 566m kWh in Q2 2015 to
943m kWh in Q2 2016.
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