Energy: Tanzania about to receive a loan of €289 million
1 March 2011
A loan of 400 million dollars (289 million Euros) is on the point of being granted to Tanzania in order to finance a project to construct a 200 MW coal-fired electricity power station, reports Reuters Africa.
The construction of this 200 MW power station will help to tackle the energy shortage affecting Tanzania. In fact, this East African country is currently only generating 470 MW of the 833 MW required during periods of increased demands for energy.
This output may be at risk of shrinking still further with the possible closure of the hydroelectric dam at Mtera, the biggest in the country, because recent dry spells have reduced the level of water there, said Tanzanian President Jakaya Kikwete, whose words were reported by this same source.
He also emphasized the fact that Tanzania was currently in the middle of negotiations with private investors with a view to financing a project to construct a 300 MW gas-fired power station at Mtwara, in the south of the country.