Egbin Power Plc is
planning to invest $630million in Tanzania energy sector, especially the
natural gas-fired plant.
Dallas Peavey,
chief executive officer of Egbin stated that the investment could be a huge boost
for power generation in Tanzania in the public-private partnership project.
CCTV Africa
reports that the project will turn around the energy sector in the country around
for good.
His
words: “The construction of the plant is expected to commence any time after
the company under Sahara Group has linked the investment pact with the host
government”.
“We
plan to set-up two plants, each generating 450 MW….all we are awaiting now is government
approval and Tanesco’s (Tanzania Electric Supply Company) proposal,” he further
explained.
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