Market News
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Tanzania: Mchuchuma Coal Mine for Takeoff
Posted on :Thursday , 28th May 2015
THE Minister for Trade and Industry, Dr Abdallah Kigoda, on Tuesday unveiled a catalogue of industrial projects, including a 5trn/- Mchuchuma coal and Liganga iron ore projects set to kick off this year.
Moving his ministry's budget estimates, Dr Kigoda stated that the government and partnering investor have already secured 5tri/- for implementation of the pro. . ..jpg)
Tanesco mulls more renewable energy projects
Posted on :Wednesday , 27th May 2015
Tanzania Electric Supply Company (Tanesco) Managing Director, Engineer Felchem Mramba, said although renewable energy technology is currently expensive but the future remains in exploiting wind and solar.
“Traditional energy sources such as gas and coal will be depleted over time but wind and solar will always be there,” Mr Mramba said after offici. . .Tanzania: REA Mulls Power to 1.2 Million Rural Residents By 2020
Posted on :Tuesday , 26th May 2015
The Rural Energy Agency (REA) envisages supplying 1,250,000 rural dwellers with electricity in the next five years, thanks to about 900bn/- that the government has set aside to support the grand project.
REA Chairman Edmund Mkwawa, releasing the agency report on implementation of rural energy projects in Dar es Salaam over the weekend, said the massive rural electrification proje. . .Shell to add firepower to BG assets in East Africa LNG race
Posted on :Monday , 25th May 2015
Royal Dutch Shell’s $70 billion takeover of BG Group Plc will put Europe’s largest energy company in the middle of East Africa’s race to export natural gas and is set to boost the chances of Tanzania becoming a major supplier.
The acquisition would include stakes in three blocks off the coast that contain one-third of Tanzania’s estimated resource. This ma. . .Tanzania announces One Million Solar Homes initiative
Posted on :Monday , 25th May 2015
Commitments by the IFC, USAID, OPIC, Sunfunder, SNV and Off Grid Electric are expected to put Tanzania at the forefront of the U.S. Power Africa program.
The Tanzanian national government has announced its One Million Solar Homes initiative aimed at providing a million Tanzanian homes with access to reliable solar electricity by the end of 2017.
The project is expe. . .Please Select an Option
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