According to a new report released by the Business Monitor International (BMI) Tanzania is planning to expand its mining sector through the further development of its significant nickel, coal and uranium deposits.
The Tanzania Petroleum Development Corporation (TPDC) has announced that the construction of the natural gas pipeline running between Mtwara to Dar es Salaam is nearing completion and will be commissioned in July 2015.
In an effort to further expand the reach of solar power in Tanzania the International Finance Corporation (IFC) has announced a new financing scheme for Off Grid Electric, which provides mobile-operated solar electric systems to consumers in rural and urban Tanzania.
Solo Oil PLC (AIM:SOLO) and Aminex PLC have officially signed Asset Sale Agreement for Solo to buy a 6.5% interest in the Kiliwani North Development License in Tanzania’s developing oil and gas sector.
The Sustainable Energy Fund for Africa (SEFA) has approved a USD 420,000 grant for the Jumeme Rural Power Supply (JRPS) Ltd to support the development of a group of independent solar-hybrid mini-grids in rural parts of Tanzania.
In response to the trending fall in world oil market prices, the Tanzania Energy and Water Utilities Regulatory Authority (EWURA) has cut the consumer price of petrol, diesel and kerosene by 3.6%, 3.3% and 2.9% respectively as well as the wholesale prices for petrol, diesel, and kerosene by 3.8%, 3.4% and 3.0% respectively.
Kibo Mining PLC (AIM:KIBO) has announced the results of the power pre-feasibility study for the Tanzania Rukwa Coal to Power Project (RCPP) showing the potential to expand the power station and double the current size of the project, which could be used in alternative energy-conversion technologies, such as coal to liquids.
The US solar finance, installation and alternative energy giant, SolarCity, in partnership with the UK’s Zouk Capital and Vulcan Capital have provide the Tanzania-based solar company, Off Grid Electric with USD 16 million to further develop their pre-paid solar power system and grow their customer base from 25,000 to 100,000.