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On November 22, it was reported that Tanzania's national power company would seek 5.
3 trillion shillings (100 million shillings equivalent to 300,000 yuan) of funds over the next four years to build the country's power system, but still faces the old problem
of insecure funding.
Although the company claims to receive 700 billion shillings from the World Bank, the African Development Bank and other commercial banks to service its debt, the market cannot remain optimistic
as things stand.
There are reports that no bank or other financial institution is willing to lend up to 5.
3 trillion shillings
.
Last month, the company submitted an application to the Tennant Ministry of Mines to raise electricity charges, which plans to raise the electricity tax by 18.
19%
overall from January 2017.
The company claims that if the relevant tax fees are not raised, the electricity company will be difficult to maintain, which will lead to problems
with the electricity supply in Tanzania.
But both the Tanzanian government and consumers have expressed opposition to plans to
raise the excise tax on electricity.
For a long time, foreign investors have criticized Tanzania's power supply
.
Business people believe that increasing electricity consumption taxes will only increase the cost of electricity for enterprises, resulting in an increase in the cost of domestic products, and it will be more difficult to compete
with relatively cheap imported goods in the market.
On November 22, it was reported that Tanzania's national power company would seek 5.
3 trillion shillings (100 million shillings equivalent to 300,000 yuan) of funds over the next four years to build the country's power system, but still faces the old problem
of insecure funding.
Although the company claims to receive 700 billion shillings from the World Bank, the African Development Bank and other commercial banks to service its debt, the market cannot remain optimistic
as things stand.
There are reports that no bank or other financial institution is willing to lend up to 5.
3 trillion shillings
.
Last month, the company submitted an application to the Tennant Ministry of Mines to raise electricity charges, which plans to raise the electricity tax by 18.
19%
overall from January 2017.
The company claims that if the relevant tax fees are not raised, the electricity company will be difficult to maintain, which will lead to problems
with the electricity supply in Tanzania.
But both the Tanzanian government and consumers have expressed opposition to plans to
raise the excise tax on electricity.
For a long time, foreign investors have criticized Tanzania's power supply
.
Business people believe that increasing electricity consumption taxes will only increase the cost of electricity for enterprises, resulting in an increase in the cost of domestic products, and it will be more difficult to compete
with relatively cheap imported goods in the market.
