Market News Page No. 193| Africa Business News | Afrotrade

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Edenville Energy to proceed with Rukwa coal to power project in Tanzania

n early 2017 a new Power Master Plan Update was released by the Government of Tanzania that included the Edenville Energy project. This plan is now being progressively rolled out by the government of Tanzania to provide further power generation and transmission for the country over the long term up to 2040. The project has already had a feasibility study carried out in 2015 for a 120 MW power generation facility and the.... Read more »

Posted on : Wednesday , 19th July 2017

Tanzania: ministry issues power system master plan

The Tanzanian energy ministry has issued its Power System Master Plan (PSMP 2016–2040), mapping out how much will be required in investments to balance the sector. On Monday, the ministry released its power roadmap, which stated that 70% of capital spending would be financed by debt and the rest by the government's own resources, the Standard reported. "The financing requirement to implement the PSMP.... Read more »

Posted on : Wednesday , 19th July 2017

How off-grid renewables could power Tanzania's growth

The East African country of Tanzania faces a serious electrification challenge. Only 2 percent (PDF) of rural households have access to electricity, and most of the rural population relies on expensive, hazardous and low-quality fuels such as kerosene for lighting and charcoal for cooking. Access to electricity and other modern energy services is fundamental to human well-being and to a country’s social and economic.... Read more »

Posted on : Wednesday , 19th July 2017

Tanzania to open renewable energy technology training centre

The director of the Innovative Technology and Energy Centre (ITEC), Dr Herb Rhee, has announced plans to open a training centre for renewable energy technology in Arusha, Tanzania. According to local media, Tanzania Standard, Dr Rhee said the renewable energy technology centre will open doors in August this year, and will have the capacity to train 1,000 students per year. Renewable energy technology training.... Read more »

Posted on : Wednesday , 19th July 2017

Tanzania lays out big investments in power generation

A spate of recent agreements is expected to raise access to electricity to 75% of the population by 2035 as part of the government’s Power System Master Plan. According to official estimates, about 40% of the country’s 47m people had access to electricity in 2016. To achieve these aims in the medium term will require an increase in installed capacity from 1.6 GW in 2014 to 10 GW by 2025, as well as an expansion of.... Read more »

Posted on : Wednesday , 19th July 2017

Solar power dominates rural Tanzania, says report

The report, released earlier this week by the National Bureau of Statistics and the Rural Energy Agency shows that grid electricity is the second largest source of power in rural areas with 34.5% of households connected, while solar is leading by nearly 65%. "The results show that solar power is the dominant electricity source in rural areas as 64.8% of the rural households were using electricity generated from solar power..... Read more »

Posted on : Wednesday , 19th July 2017

Tanzania to benefit from AfDB renewable energy investment

The African Development Bank (AfDB) has announced plans to invest $870,000 in Tanzania's Rural Energy Agency (REA) through its Sustainable Energy Fund for Africa (SEFA) trust fund. ITWEB Africa reports that the money will be used to structure the Renewable Energy Investment Facility (REIF), to provide affordable finance to private sector clean energy projects involved in energy access to rural communities in.... Read more »

Posted on : Wednesday , 19th July 2017

Aminex will go deeper to maximise potential at Ruvuma in Tanzania

“Ntorya-3 is ready to go but want to make sure, we maximise as many targets as we possibly can.” Broker Shore Capital calculated that on a revised view of the Ruvuma project in Tanzania, which includes Ntorya, the shares are worth 6p/share against a 4p per share valuation previously. It notes the shares have retreated from 7p since April but sees this as overdone. Concerns over the flow rate at.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Dar Traders Aim High Oil & Gas Sector

A group of daring local business operators have taken on the mantle to lead in the promotion of the local content in the oil and gas industry through promotion of job and business opportunities for nationals and local businesses in the sector. They teamed up to form an Association of Tanzania Oil and Gas Service Providers (ATOGS) that will lobby for and promote the participation of indig enous Tanzanian individuals and bodies.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Gas, Oil Service Providers Need Our Collective Support

Local content has lately become very topical for African countries that have discovered oil and gas resources in discussions on how best these countries will manage their petroleum resources in a sustainable manner for the benefits of its people. It has become a very important issue as people are expecting their governments to enable them capture the commanding heights of the economy and thus assist to keep its wealth within its.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Norway Gives TZ Sh22 Billion in Grants

The Norwegian government has pledged to give Tanzania a grant of $10.5 million (Sh22.05 billion) aimed at boosting the country's domestic revenues in the next three years. Norway Foreign minister Borge Brende revealed this on Friday when he met with Tanzania's Finance and Planning minister, Dr Philip Mango. He said, he was impressed by President John Magufuli's efforts towards ending corruption and raising domestic.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Norwegian Minister Counsels Tanzania

Norwegian Foreign minister Borge Brende has said that it's still premature for Tanzania to celebrate its gas resource benefits despite the potentials available. Mr Brende who ended his two-day visit in Tanzania at the weekend said completion of the liquefied natural gas (LNG) project is going to improve foreign direct investment (FDIs) to the country but he noted that this would take a lot of work and great.... Read more »

Posted on : Tuesday , 18th July 2017

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