China to invest in Tanzanian power project
June 28, 2011
The update on this development was reported here by the local “Daily News”, citing energy and mines minister William Ngeleja. He said that the Kiwira project had been taken over from private investors by the Tanzanian government. It had a coal deposit of at least 35.14Mt.
The money comes under a soft loan arrangement, the “Daily News” reported. “Five groups, including the state-run National Social Security Fund, applied to run the project before the government accepted China’s offer,” it added.
This is a short-term project. Give it two years and it will be generating 200MW, Ngeleja told reporters on the sidelines of a regional energy conference in the Tanzanian capital.