GENERAL Electric and Symbion Power Tanzania Ltd,
today signed a “Cooperation Agreement” with the objective of developing
the 400MW gas-fired power plant in Mtwara to boost electricity in the
south and the rest of the country.
The project, to be located in Mtwara, is part of expansion plans for
TANESCO, and will also include a transmission line from Mtwara to
Songea.
Speaking during the signing ceremony at the offices of the Ministry
of Energy and Minerals, GE Vice Chairman, President and CEO, GE Global,
Growth & Operations, Mr. John Rice (L) said, “GE is committed to
partnering with stakeholders to accelerate economic growth in Tanzania
and the rest of Africa.” He said, “a sustainable power supply continues
to hamper Africa’s progress and Tanzania is no exception.”
“Tanzania is growing rapidly and to ensure we have an enabling
environment that supports sustainable economic growth, we need to
overcome inhibiting challenges such as interrupted power supply. This
project will do just that,” said Mr. Rice.
In this agreement GE will cooperate and collaborate with Symbion
Power by providing technical and development support, including
engineering studies, financial structuring and support with lenders and
guarantee providers.
The Cooperation Agreement was signed (L) by Jay Ireland, President
and CEO, GE Africa and (R) Don Brindle, General Manager, Symbion Power
Tanzania in the presence of the (C) Minister for Energy and Minerals,
Hon. Prof. Sospeter Muhongo who hailed the partnership as one that will
enhance development for the energy sector in Tanzania.
“Today marks a key milestone that will change the face of Tanzania’s
energy sector. GE continues to be a trend setter in provision of proven
technology in power generation and in oil & gas exploration and
extraction,” he said adding that, natural gas now accounts for 22 per
cent of the world’s energy consumption and the demand is growing.
Symbion Power Tanzania Ltd. General Manager Don Brindle expressed his
company’s enthusiasm in continuing its long-term relationship with GE,
noting that natural gas is an environmentally-friendly and efficient
energy source.
“Working with GE on the 400 MW power plant project will make our work
much easier as we will have access to proven technology and technical
advice crucial to the accelerated completion of this project,” said Mr.
Brindle.
About GE
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works. For
more information, visit the company’s website at www.ge.com.
Thursday, June 20, 2013
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