Nigerian Firm To invest $630 Million In Tanzania Power Project

Nigerian company Egbin Power Plc has expressed interest in investing in Tanzania energy sector, and is considering putting up a natural gas-fired power plant in the East African country. Egbin Power Plc reportedly wants to invest about $630 million in the project.

This would be a huge boost to Tanzania’s power generation, and is the newest public-private partnership project expected to turn around the energy sector in the country.

The firm’s Chief Executive Officer, Mr Dallas Peavey, said the construction of the plant is expected to commence any time after the company, under Sahara Group, has inked the investment pact with the host government. Read more on this.