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Egypt's Elsewedy Electric announced the signing of a single largest contract with an Arab contractor as an integrated joint venture with the Tanzanian government to build a dam and a hydroelectric power station on the Rufiji River on an EPC basis (engineering, procurement and construction) as part of the Tanzanian government's
plan to reduce energy shortages in East Africa's third-largest country.
The contract, valued at $2.
9 billion, was financed
through direct financing from the Government of Tanzania.
The entire project will be executed by an integrated project management organization and undertaken by a joint venture, with Elsewedy Electric holding 45% and Arab contractors holding 55%.
The plant, which will start producing energy in April 2022, is expected to complete the project within 36 months of the six-month mobilization period, with an installed capacity of 2,115 MW, which will more than
double Tanzania's electricity generation once commissioned.
In 2017, Tanzania's Ministry of Energy issued an international tender for the plant, a commercial and administrative hub about 200 kilometers southwest of Tanzania's Dar es Salaam, with a signing ceremony taking place
on Wednesday.
Egypt's Elsewedy Electric announced the signing of a single largest contract with an Arab contractor as an integrated joint venture with the Tanzanian government to build a dam and a hydroelectric power station on the Rufiji River on an EPC basis (engineering, procurement and construction) as part of the Tanzanian government's
plan to reduce energy shortages in East Africa's third-largest country.
The contract, valued at $2.
9 billion, was financed
through direct financing from the Government of Tanzania.
The entire project will be executed by an integrated project management organization and undertaken by a joint venture, with Elsewedy Electric holding 45% and Arab contractors holding 55%.
The plant, which will start producing energy in April 2022, is expected to complete the project within 36 months of the six-month mobilization period, with an installed capacity of 2,115 MW, which will more than
double Tanzania's electricity generation once commissioned.
In 2017, Tanzania's Ministry of Energy issued an international tender for the plant, a commercial and administrative hub about 200 kilometers southwest of Tanzania's Dar es Salaam, with a signing ceremony taking place
on Wednesday.
