In order to meet the rising demand in power, Tanzania will need to shore up $2.9 billion in funds per year over the next 10 years, according to the African Development Bank’s Dr. Babu Ram. He said that African nations on average were only spending 40% of the needed capital for infrastructure. Frost & Sullivan’s “Power Infrastructure Tracker in East” said Tanzania’s generation capacity would have to increase by 75.3%.
At the end of February, TIB Development Bank and SNV Netherlands Development Organization signed an agreement to provide €3 million for PV lighting applications. Additionally, the US Power Africa initiative has chosen Tanzania as one of its six priority countries for investment.
The country’s power utility, Tanesco’s managing director Felchesmi Mrama said at the Powering Africa Tanzania event that the lack of maintenance and infrastructure investment was the main cause of the country’s current power outages. He said that the private sector would play a major roll as there is a need to promote investment.
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