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Wednesday, August 6, 2014
The Tanzanian government is planning to invest at least $1.2 billion to revamp its ailing state power utility Tanzania Electricity Supply Co. (Tanesco). This is the East African nation’s latest effort to guarantee reliable power to domestic and industrial consumers, the Ministry of Energy and Minerals said Monday.
Tanzania is looking to reform its power industry in an effort to boost power generation and increase investment in the sector. The government revealed that state-run Tanesco will undergo an overhaul to generation, transmission and distribution facilities.
A Ministry report said that the reforms are aimed at attracting enough investments to diversify power sources and boost generation capacity to at least 10,000 MW over the next decade. Currently Tanzania’s power capacity sits at about 1,600 MW.
“The Reform Strategy also proposes the desired market structure,” the report said.
“A state-owned generation company will be established through unbundling from the transmission and distribution segment …this is expected to intensify competition in power generation,” the ministry report went on to say.
Around half of the projected new power capacity will be generated from natural-gas fired plants. Tanzania now has a significant amount of natural gas discovered off its shores to enable this.
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