Market News | Power & Energy Tanzania 2024

Market News

  • Zanzibar's Dream of a Wind Farm Is Getting Closer

    Posted on :Tuesday , 17th October 2023

    IN an exciting development for renewable energy initiatives, Aseel Oilfield Services Limited and Sany Renewable Energy conducted a site visit to potential locations for a revolutionary wind farm in Zanzibar.


    This visit lays the groundwork for the development of the wind farm, which is expected to commence upon the signing of a Power Purchase Agreement (PPA) between Aseel Oilf. . .

  • Tanzania: Completed Implementation of the First Energy Efficiency Action Plan

    Posted on :Tuesday , 17th October 2023

    THE government in collaboration with the European Union (EU) and the United Nations Development Programme (UNDP) is finalising implementation of Tanzania's 1st Energy Efficiency Action Plan project.


    The project seeks to ensure access to affordable, reliable, sustainable and modern energy for all in Tanzania.


    A key component of the action plan is to build ca. . .

  • Tanzania Witnesses Significant Advancements in Power Generation

    Posted on :Wednesday , 16th August 2023

    Tanzania has witnessed significant advancement of the electricity industry in the last 5 years, with the commissioning of key power generation projects.


    These projects have played an important role in expanding the country’s electricity generation capacity, improving access to electricity and rising economic development.


    Here are some of . . .

  • OFID and Partners Support Tanzania's Renewable Energy Ambitions with USD60 Million Loan

    Posted on :Thursday , 3rd August 2023

    A new USD60 million loan by the OPEC Fund for International Development (OFID) and partners is expected to significantly strengthen energy security in northwest Tanzania.


    The project will include constructing a 166 km overhead transmission line connecting the Kagera region to the national grid, replacing the current energy supply from Uganda with local hydropower resources.

  • Sh47 Trillion Carbon Trading Investment A Boost for Tanzania

    Posted on :Thursday , 3rd August 2023

    Producing and selling carbon offsets is finally becoming a lucrative business in Tanzania, with the government reported to have attracted over 20 companies that are set to invest over US$ 20 billion (Sh46.9 trillion).


    Minister of State in the Vice President's Office (Union and Environment), Dr Selemani Jafo, said since the regulations and guidelines on carbon trading were ado. . .


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