Ophir Energy has announced the launch of its 2012 Tanzania drilling program, for which it will use the state-of-the-art drillship Odfjell rig Deep-sea Metro-1 (UDW drillship) as it begins the year with its first three wells: Jodari-1, Mzia-1, and Papa-1.
According to recent reports, a Russian utilities company, Zarubezhstroy Corporation (ZARS), is currently planning to invest in a five year plan to construct what they are expecting to become the largest independent Tanzania hydropower plant to date.
The thriving Tanzania industry and manufacturing sectors have gained the attention of nearly 10 Indian companies, who have recently been sourcing raw materials in East Africa and have decided to increase their presence in Tanzania with an investment of more than USD 250 million to be used both for the construction of factories and for establishing their operations in the country.
The Tanzania Electricity Supply Company (TANESCO) is set to receive a USD 135 million loan from the European Investment Bank (EIB) in order to co-finance a new 667 km high voltage transmission line that is to be built between Iringa and Shinyanga in Tanzania as a part of the Tanzania Backbone Interconnector Project.
As a result of the recent agreement that was made between the Tanzania National Electric Supply Company (TANESCO) and a partnering Norwegian firm, Statnett, the Tanzania electricity provider is currently preparing to design and implement practical grid development plans, to deal with project risk and to improve its overall communication and business relationships within the country’s electricity sector.