China provide $123m loan for Tanzanian wind farm

Tanzania's National Development Corporation (NDC) has announced that China's Exim Bank (Beijing) has granted a $123m loan to back the building of the Singida wind farm in Tanzania's Central Region.

NDC will hold a 51 per cent stake in the project and a private company, Power Pool East Africa Limited (Tanzania), will hold 49 per cent and will service the non-concessional loand for 20 years. The wind farm is expected to be fully operational within the next five years.

In the next few years, power from the wind project is expected to reach 300 MW.

Singida is one of the largest wind projects to be undertaken in sub-Saharan Africa. There are consistently strong winds along the top of the eastern Rift Valley, where the mountain plateau runs through East Africa, from Ethiopia down to Malawi and Mozambique.

For more wind power news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...