Tanzania to invest $598 mln in gas-powered plants

East Africa, Economy, Tanzania — By AfricaTimes on July 27, 2012 10:18 pm

Tanzania plans to invest a total $598 million in new natural gas-powered electricity plants in 2012/13, its Energy and Minerals minister said on Friday.

The east African country also aims to raise the royalty charged on the gas from the present 12.5 percent to an unspecified amount, Sospeter Muhongo told parliament.

Muhongo said the country, fast becoming an energy hub in the region, hopes to build two gas-powered plants to produce a total 390 megawatts of power.

Reuters.

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