Wednesday, 30 July 2008

Dar clinches 247bn/- deal with US firm

From Daily News, Dar es Salaam

The Millennium Challenge Account of Tanzania yesterday signed an agreement with the Tanzania Electric Supply Company (Tanesco) to implement projects under the energy sector at a cost of over 247bn/- ($206.5m).

The projects will be carried out over the next five years with effect from next October and that the project would guarantee reliable power supply, Millennium Challenge Corporation Energy Sector Projects Coordinator, Mr William Magambo, has said.

The agreement was signed by the MCA-T Chief Executive Officer, Mr Bernard Mchomvu and the Tanesco management headed by Managing Director, Dr Idris Rashid, at the Tanesco offices in Dar es Salaam. However, Mr Magambo said that power tariffs were now likely to go down immediately.

Earlier, Dr Rashid said that projects that would be implemented in the five years included construction of the Malagarasi hydropower plant and distribution of electricity in Kigoma region – as well as installation of a second submarine interconnection cable to Zanzibar. Other projects include transmission and distribution of electricity in several regions - Tanga, Iringa, Mwanza, Dodoma, Mbeya and Morogoro.

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