Business Beyond Boarders

In East Africa, the government of South Korea intends to open a centre for renewable energy technology at Nelson Mandela African Institute of Science and Technology in Arusha, Tanzania.

According to the Tanzania Daily News, the deputy permanent secretary in the ministry of energy and minerals, Dr Juliana Pallangyo, made the announcement last week during the 2016 Korea-Tanzania Energy and Environment Cooperation Forum.

It is reported that the centre, scheduled for early 2017, is aimed at developing energy solutions in the country.

“Korean people will open a centre that will provide studies and solutions on providing sustainable energy,” Dr Pallangyo said.

Investment in line with Tanzania’s Development Vision 2025

In another development, South Korea also plans to invest in the field of energy and environment.

Through these two areas the focus will include affordable and clean energy as well as climate action.

Commenting on the investment, Dr Pallangyo said the investments are major areas that are important in realising Tanzania’s Development Vision 2025, media reported.

“I am sure that Korea will provide an opportunity to explore more areas of future bilateral cooperation in the fields of energy and environment in Tanzania,” she said.

Media quoted Pallangyo stating that the South Korean investment is aligned with the government’s plans, which seeks to increase access to modern energy services and increasing the share of renewable energies in electricity generation to enhance availability, reliability and security supply.

Gas drilling begins

In other development news, last month ESI Africa reported that a consortium consisting of Shell, Pavilion Energy and Ophir Energy, announced that gas drilling off the coast of Tanzania had begun.

The $80 million investment project will cover two wells in Block 1 and 4, located in the offshore Mafia deep basin, southern Tanzania.

Each well is expected to reach depths of up to 2,800 metres.

The development of Blocks 1 and 4 is said to form part of the Tanzania Liquefied Natural Gas Project under the Vision 2025 economic plan.