Tuesday, September 25, 2018

Tanzania: Government Needs $821 Million to Fund 200 MW Ngozi Geothermal Power Plant Project

Tanzania Needs Sh32 Trillion to Attain Semi-Industrialised Economy (AllAfrica.com)

The government needs some $14.1 billion (about Sh31.8 trillion) to finance 30 projects in an effort to attain an industry-driven economy, according to The Citizen calculations from figures compiled by the Tanzania Investment Centre (TIC).

Going by the project booklet titled '2018 Project Briefs Selected Investment Opportunities' , the projects cover the sectors of oil and gas, and energy, which account for $8.96 billion (Sh20.2 trillion) and $3.61 billion (Sh8.158 trillion) respectively.

In the energy sector, there is an $821 million worth Mbeya-based Ngozi 200 megawatts Geothermal Plant, which involves development of 600 MW geothermal plant in two phases with 200 MW for Phase I and 400 MW for Phase II.