Market News
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Tanzania: Tanesco Project to Benefit Kenya
Posted on :Wednesday , 12th October 2016
The Tanzania Electric Supply Company Limited (TANESCO) has signed a US $309.26 million dollars (about 673.62bn/-) contract for implementation of 414 kilometres power interconnection transmission line project to link Tanzania and Kenya.
It will be constructed from Singida via Arusha to Namanga border and Isinya in Kenya, covering 318 kilometres in Tanzania whil. . .Tanzania secures $259 mln funding for power grid link with Kenya
Posted on :Tuesday , 11th October 2016
Tanzania has secured $258.82 million from the African Development Bank and the Japan International Cooperation Agency for a high voltage electricity line to connect its national power grid to Kenya's, its power utility said on Sunday.
The 400 kilovolt (kV) line will be completed within two years and is part of efforts to deepen integration between the two countries' economies, Tan. . .
UK firms eye Sh64bn deals in green energy
Posted on :Friday , 7th October 2016
British investors are targeting projects worth about £500 million (Sh64.47 billion) in renewable energy sector, UK prime minister's trade envoy to Kenya and Tanzania Clive Hollick has said.
The projects are mainly in solar, wind and biomass power, areas where the country has underperformed.The investors include Nova Energy. . .Egbin Power Plc set to expand into Tanzania
Posted on :Tuesday , 4th October 2016
Nigerian Energy company, Egbin Power Plc, is expanding and set to mark its new territory in Tanzania, by constructing a natural gas-fired power plant, Tanzania Daily News reports.
Speaking to Tanzanian journalists, the firm’s Chief Executive Officer, Mr Dallas Peavey, said the construction of the plant is expected to commence anytime after the company, u. . .Tanzania: Nigerian Firm Eyes 1.4trn/ - Power Project in Dar
Posted on :Monday , 3rd October 2016
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.
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