John Magufuli announces Tanzania’s $3 Billion power plant deal
Date: 2018-12-13   Author: Pankaj Singh  Category: #news

John Magufuli announces Tanzania’s $3 Billion power plant deal

Tanzania will reportedly sign a deal to approve the construction of a hydroelectric power plant worth $3 billion, said President John Magufuli. However, he didn’t mention the company that will be awarded the contract to build the dam and the hydroelectric power plant in the Selous Game Reserve, which is a UN- elected world heritage site based in southern Tanzania.

As per government sources, the contract would be inked by Egypt-based Arab Contractors.

According to reports familiar with the development, the 2,100-Megawatt project would more than double the power generation potential of Tanzania. However, the project has faced opposition from conservationists for being in a world heritage site, who claim that construction of a dam over a major river that flows through the renowned Selous Game Reserve could negatively impact the reserve’s wildlife and downstream habitats, cite trusted sources.

Reportedly, the government welcomed bids in August 2017 for the project located at Stiegler’s Gorge, in the Selous Game Reserve. An Egyptian firm El Sewedy Electric Co will also be a part of the dam construction, cited sources. Ahmed Hassouna, Head of Marketing at El Sewedy’s was quoted saying that the company will have a 45 percent stake in the project while Arab contractors will acquire a 55 percent stake.

The World Wildlife Fund’s July 2017 report revealed that giant hydropower dam can put preserved areas of global importance and more than 200,000 people whose livelihood depends on the environment, at risk. Moreover, its effect on Tanzania’s largest river may impact several ecosystem services it provides and will affect the region’s tourism in some of its most abundant wildlife areas, reported Thomson Reuters Foundation News.

For the record, the Selous Game Reserve stretches across 50,000 square kilometers and is one of Africa’s largest protected areas as declared by the UNESCO. The reserve boasts a rich list of species that includes giraffes, black rhinos, and elephants, among many others



About Author


Pankaj Singh

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

More from Pankaj


Post Recommendents

Biopesticides Market Research Report, Growth Forecast 2026
Author: Rahul Varpe

Biopesticides are particular kinds of pesticides that are derived from a plethora of different natural materials such as plants, animals, certain minerals, and bacteria.

Biopestic...


Biaxially Oriented Polypropylene Market Demand, Recent Trends and Developments Analysis 2025
Author: Rahul Varpe

The food & beverage industry revenue in 2015 was over USD 15 trillion and the industry has substantial growth avenues in coming years owing to improved consumer spending pattern coupled with enhanced lifestyle dyna...


Ready-to-eat Foods Industry Market by Manufacturers, Regions, Type and Application Forecast to 2025
Author: Sachin Pashte

Market Study Report, LLC, adds a thorough analysis of the 'Ready-to-eat Foods Industry market', offering a comprehensive report emphasizing every vital aspect of the business vertical. The study has collectively presented refined data characterize...