Market News

AN interesting development is emerging in Tanzania's power generation sector, with an increasing number of companies investing in renewable energy projects. Across the country are opportunities, plans and bidding options for greener energy, including hydropower, solar, geothermal, gas and wind power . . .

In the Kishapu District of Shinyanga Region, TANESCO will implement the 1st large scale PV Solar Power Plant of Tanzania. It will be the 1st and certainly not the last. According to the International Energy Agency, in Africa, solar PV is becoming the “new king” of electricity and is forecas . . .

India's strategy of showcasing its green energy credentials abroad has gained traction, with state-run NTPC Ltd securing a raft of project contracts under the aegis of the International Solar Alliance in Cuba, Niger and Malawi to help set up solar projects to meet their electricity demand, said 2 pe . . .

The Zanzibar authorities are receiving strong support in their electrification process. The support comes from the World Bank Group, which has just approved USD 142 million for the modernisation of the local electricity network and the integration of renewable energy. Of this funding, USD 117 millio . . .

The loan agreement was signed recently in the Tanzanian capital Dodoma between the Permanent Secretary of the Ministry of Finance and Planning, Emmanuel Tutub, Frederic Clavier, the French Ambassador to Tanzania and Stephanie Mouen Essombe, the Director of the French Development Agency (AFD) in Tanz . . .