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INFRASTRUCTURE: Tanzania (MRB Oct 01 2001): Songo Songo project finance agreed.

Asia Africa Intelligence Wire

| October 01, 2001 | COPYRIGHT 2001 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Agreement has been reached for the financing of the Songo Songo project in Tanzania. According to the World Bank the soft financing deal through the International Development Association will catalyse foreign private investment.

The project will establish Songas, a majority privately owned and managed gas and power utility; set up a joint venture, private sector consortium between PanAfrican Energy Tanzania and the Tanzania Petroleum Development Corporation; encourage increased access of the poor to electricity supply; and assist the government in capacity building in the ...

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