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Tanesco Receives Green Light for Power Project

Tanzania Electric Supply Company (Tanesco) has received green light for the development of the Mbeya coal-to-power project (MCPP). 

The green light will now allow JSE listed Kibo to engage other African power pools on offtake agreements. The power project is available to three market opportunities including export, utility and private offtake.

“There is an existing minor under supply of power within Tanzania and the Southern African part at large, meaning that there is still an urgent demand for electricity and given that Tanzania has a target to deliver about 880 MW for the export market in the period between 2020 and 2040, the MCPP is well positioned to help meet this high demand,” stated Kibo Energy.

According to practical studies done, the project has a potential to generate 100MW of power. Tanesco implemented the power interconnectors through Zambia, Tanzania and Kenya, enabling power trade among the Eastern African Power Pool and the Southern African PowePool member countries.

Additionally Kibo was asked to engage the power pools to enable participation in the high demand export market.

“Our recent engagement with TANESCO shows our belief in MCPP which continues to have immense economic importance for not only Tanzania but the region too. I’m looking forward to updating shareholders on the details and progress of MCCP,” said Kibo CEO Louis Coetzee.
Source : www.constrctionreviewonline.com
Posted On: 5/10/2019 12:00:00 AM

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