Tanzania investment conference to highlight the rising need for electricity

poweringtanzania2014A file photo of Powering Tanzania held in 2014. (Image source: APO)The annual Powering Africa: Tanzania investment conference is scheduled to take place at the Hyatt Regency Dar es Salaam, The Kilimanjaro hotel from 3-4 December 2015

Thirty-seven companies including Tanzania Investment Bank, Standard Chartered Bank and Mitsubishi Corporation, Tanzania Limited, BVI Consulting, Liquefied NG Tanzania Limited, Statoil and Sunfunder have confirmed their attendance for the show.

The meeting is expected to focus on the future of Tanzania’s power sector, identify opportunities for investment and develop crucial relationships between private and public players in the market. Specifically, the conference will tackle energy reforms, growth of the power sector, natural gas development, procurement strategies for Tanzania's public sector companies as well as emphasise on the need for power in the country's upcoming economic sectors.

Following the recent US$5mn worth of funding from the IFC enabling Tanzania to explore mini-grid power capability, the programme will also look at the options for delivering renewable energy to Tanzania and the opportunities for solar, wind, geothermal and hydro power development.

The announcement for the conference follows a round of national elections in the East African nation.

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