Tanzania:

Tanzania Poised to Transform National Energy Sector with Influx of Renewables (African Development Bank)

The geothermal development component will catalyze development of more than 100 MW of geothermal power.

(Courtesy CIA.gov)

On September 12, the Republic of Tanzania received endorsement from the Climate Investment Funds (CIF) of an investment plan which will help the country to scale-up the development of its abundant renewable energy resources.

The plan will be funded by US $50 million from the CIF’s Scaling-Up Renewable Energy Program in Low-Income Countries (SREP) and the balance from the African Development Bank (AfDB), World Bank, Government, private sector, commercial sources and other development partners. It features a geothermal development component and a renewable energy for rural electrification component.

The geothermal development component, which is expected to receive US $25 million from SREP and US $45 million support from the AfDB, will catalyze development of more than 100 MW of geothermal power, principally by the private sector, and will establish an enabling environment for large-scale geothermal development.

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