Ex-Im Bank of China backs 50-MW wind project in Tanzania

Jul 14, 2014 - The Export–Import Bank of China has extended a TZS-226.7-billion (USD 136m/EUR 100m) soft loan to Tanzania for a 50-MW wind project in the country's central Singida region, the East African Business Week reported.

The facility, to be completed by 2016, is part of a wind scheme bigger than 300 MW at the village of Kisasida, the head of chemical industry at Tanzania’s National Development Corp, Abdallah Mandwanga, said during the 38th Dar es salaam International Trade Fair (DITF) which ended last week.

The project will be developed by Geo Wind Power Tanzania Ltd under the public-private partnership model, with the support of a Chinese contractor. National Development Corp, Tanzania Electric Supply Co Ltd (TANESCO) and Power Pool East Africa Ltd are shareholders in the project.

Relevant research, land purchases and environmental permitting and compensations have already been settled, according to Mandwanga. Financial closure on the wind project is expected in October.

The 50-MW wind park will be constructed as part of the country’s efforts to cope with power deficit.

(TZS 1000 = USD 0.600/EUR 0.441)

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