Dar es Salaam – Tanzania is expected to export electricity in near future to several other countries in the region. US-based Symbion Power LLC is constructing a power plant in Mtwara and is seeking partners for the $1.3 billion project.
Symbion CEO Paul Hinks said Friday the upcoming power plant will be powered by gas and to produce 600 MW of electricity.
Hinks was attending the Powering Africa conference and added the project may start in 2017.
He further mentioned Tanzania would be exporting electricity to Malawi, Mozambique, Burundi, Zambia and Rwanda.
The project will be completed in two phases – 400MW and 200MW. It will be the biggest gas-powered plant in the region.
According to Declan Mhaiki, deputy managing director for Tanzania Electric Supply Company (Tanesco), the project would establish a strong business for the country in the exports of electricity and this will help in increasing the foreign currency of Tanzania by trading in electricity.
Mhaiki also added with the start of the plant shortage of electricity will be stories of the past in the country.
He said further the project is good for the economy as export of electricity will be done in large quantities. The country will also earn good amount in foreign exchange.
Several foreign investors were seen interested in the project at the conference.
Tanzania also possess several sources of non-renewable as well as renewal energy options.
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