Market News

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 . . .

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 . . .

Dodoma — TANZANIA Electric Supply Company (Tanesco) plans to announce new energy tariffs soon should the industry regulator, Energy and Water Utilities Regulatory Authority (Ewura), endorse the proposal. Head of Strategic Plans of Tanesco, Mr Patrick Sankara, said here TANESCO would also in . . .

 The Bagamoyo EcoEnergy project (BEE Project) north of Dar Es Salaam, the commercial capital of Tanzania is looking for new investors for the project. BEE project is a special purpose project aimed at developing a modern sugar cane plantation and factory producing sugar, ethanol and power for . . .

 Tanzania is at an advanced stage in plans for erecting a mega wind power project in Singida town by 2016. The construction is expected to cost more than US$132m for the first phase, and the wind farm will generate up to 50 MW of power to be channeled to the national grid.   National Dev . . .