chairman Razmik Tarzerdyan
signs the new agreement
HydroWorld.com says the reports indicated that power and construction company Zarubezhstroy Corporation, or ZARS, was set to embark on a five-year venture to construct a hydro-electric power plant in the south of the country in Rumakali, in the Iringa Region. A ZARS official disclosed the plan during the Ninth African Investment Forum here.
When completed, the hydro project is expected to meet 20 to 25% of Tanzania’s power needs. It will initially generate 222MW to be fed directly into the national grid, and could eventually have a capacity of more than 460MW, according to the wire reports.
The Russian company, which also produces and supplies equipment to electricity ventures across the globe, has power production operations in several African countries, including Libya and Uganda.
