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. . .

TANZANIA: $276 million from the AfDB and AFD for the Kakono hydropower plant (88 MW)

Posted on :Friday , 21st April 2023

In Tanzania, the Kakono hydropower project is on track. The French Development Agency (AFD) and the African Development Bank (AfDB) have confirmed their financing of US$ 120.7 million and US$ 116 million respectively. The loans, which will be repaid by the Tanzanian government over 17 years, will be used to build a run-of-river power plant with a capacity of 87.8 MW.

The Kako. . .

Tanzania: AfDB Pumps 374.9bn/ - Loan for Kakono Power Project

Posted on :Friday , 24th March 2023

THE government has signed a loan agreement of 161.47 million USD with the African Development Bank (AfDB), to implement Kakono Hydropower Project (Kakono HPP).

The approximate cost of execution of the Kakono HPP is 325 million USD.

Speaking during the signing ceremony in Dar es Salaam on 16th March, Minister for Finance and Planning, Dr Mwigulu Nchemba said. . .

TANZANIA: Julius Nyerere Hydroelectric Dam Impoundment Launched

Posted on :Monday , 9th January 2023

Tanzanian authorities are launching the filling of the reservoir of the Julius Nyerere hydroelectric dam on the Rufiji River. The facility will power the turbines of a 2,115 MW hydroelectric plant, one of the largest in East Africa.

News on the Rufiji hydroelectric project in Tanzania. Authorities in the East African country are beginning to impound the dam, which is being bu. . .