Tanzanian President Jakaya Kikwete announced during his meeting with journalists in Dar es Salaam on April 20th 2014 that the bill regulating the Sovereign Wealth Fund (SWF) to manage proceeds from natural gas activities is projected to be revealed to the National Assembly in October 2014 or February 2015.
The Tanzanian Government partnered with the Rural Energy Agency (REA) to improve electricity services and power connectivity in various regions across the country, and is determined to achieve its goal of increasing per capita consumption and electrification levels from 81kWh and 18.4% of the population in 2011 to 200kWh and 30% of the people by 2015.
Government ministries’ permanent secretaries were fully satisfied with the progress made on the construction of Madimba gas processing plant and the underwater gas pipeline from Songosongo to Dar es Salaam upon their visit to Lindi and Mtwara.
According to an announcement made this week by Eng Felchesmi Mramba, Managing Director of the Tanzania National Electric Supply Company (TANESCO), the company aims to generate 1.7 GW from natural gas in the next two years.
Russian gas giant Gazprom met with representatives of the Tanzanian Ministry of Energy & Minerals and of the Tanzania Petrol Development Corporation (TPDC) to discuss opportunities for gas operations in the country.