Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Tanzania

Tanzania

IFC finances Tanzania project

TANZANIA: The International Finance Corporation (IFC), part of the World Bank, has announced it will invest in a 100MW wind power project near Singida in partnership with UK-based Aldwych International and Tanzania's Six Telecoms.

The three will together contribute $18 million during the development phase and $71 million in total equity, out of a total project cost of $285 million. The rest will be secured through loans.

The project, which is owned by project company Wind East Africa (WEA), received a provisional licence from Tanzania's energy regulator in 2011.

According to local media, the facility is scheduled for completion in early 2015, although WEA has still to secure a power purchase agreement and reach financial close. It was originally slated to be built in two phases of 50MW each.

WEA hopes the facility will be Tanzania's first independent wind power project. Its closest rival is a 50MW project also near Singida jointly owned by the National Development Corporation (NDC) and Power Pool East Africa Ltd, a private company, with support from China.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Only [DAYS_LEFT] days Subscribe Now

Left of your Windpower Monthly free trial

Your free trial Subscribe Now

to Windpower Monthly has expired

Windpower Monthly Events

Search more than 4,500 companies in the Windpower Directory

Latest Jobs