M a r k e t N e w s

Egbin Power Plc set to expand into Tanzania

Posted on : Tuesday, 4th October 2016

 Nigerian Energy company, Egbin Power Plc, is expanding and set to mark its new territory in Tanzania, by constructing a natural gas-fired power plant, Tanzania Daily News reports.

 
Speaking to Tanzanian journalists, the firm’s Chief Executive Officer, Mr Dallas Peavey, said the construction of the plant is expected to commence anytime after the company, under Sahara Group, has inked the investment pact with the host government for the public-private partnership project.
 
“We plan to set-up two plants, each generating 450 MW….all we are awaiting now are the government approval and Tanesco’s (Tanzania Electric Supply Company) proposal,” he stated. The key pending issues so far include the plant specifications and the specific location to build the plant.
 
The Lagos-based power company said the funds were available for the Dar es Salaam project, hinting that it had also appointed an Engineering, Procurement and Construction (EPC) company to execute the grand project.

Source : energymixreport.com
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