In an effort to meet the rising demands, officials from the Tanzania Electric Supply Company (TANESCO) have indicated plans to double the country’s power production by 2016 to reach 3,000 megawatts at a cost of approximately USD 1.21 billion.
Tanzanian Royalty Exploration Corporation (TRX) has announced the completion of four heap leach cells, each measuring 100 meters by 30 meters, to support the processing of stacked ore at the Tanzania gold development project in Lake Victoria.
UK-based BG Group plc has reported results from a second drillstem test (DST) offshore in the Southern Tanzania Mzia discovery, which shows higher than expected flows of gas and provides additional support for the construction of a hub to supply the onshore Tanzania liquefied natural gas (LNG) project.
The Tanzania Petroleum Development Corporation (TPDC) launched a project in July 2014 to bring the natural gas discovered off the coast of Tanzania to consumers and residents in the commercial capital of Dar es Salaam.
Tanzania oil and gas exploration company, Swala Oil and Gas Plc, has listed 99 million shares on the Enterprise Growth Market (EGM) of the Dar es Salaam Stock Exchange (DSE), making it the first publicly owned oil and gas company in East Africa.
Australian-based Linc Energy has signed a Memorandum of Understanding (MOU) with the Tanzania National Development Corporation (NDC) and Olympic Exploration Ltd. to work towards the development of a 400 MW underground coal gasification (UCG) to power operation in Tanzania.
Statoil ASA and coventurer ExxonMobil Corp have announced the discovery of an additional 2-3 trillion cubic feet of natural gas in the Piri-1 well, which is located in the same Lower Cretaceous sandstones as the 2012 Tanzania natural gas discovery in the Zafarani-1 well.