Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #21
Compensation paid to locals ready to start a construction of over US$ 400 mln (Tshs 900bln) Farkwa dam
Comparison between construction of Kimwarer dam and hydropower project and Nyerere dam in Rufiji Hydropower project
- Thread starter Geza Ulole
- Start date
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #22
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #23
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #24
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #25
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #26
Tanzania begins construction of Tabora- Katavi power transmission project
The government of Tanzania has flagged off construction of Tabora- Katavi power transmission project. Speaking yesterday after laying the foundation stone for the construction of the power line at Kampuni Village in Mpanda District, Katavi region, President Magufuli said the project will help save millions that the fifth phase government has been spending to run power generators.
The government through Tanzania Electric Supply Company ( Tanesco) has been spending US $3m annually to operate the generators.
Tabora- Katavi power transmission project
The Tabora- Katavi power project estimated to cost US $59m, entails construction of Kilovolt 132 from Tabora with the length of 138 kilometres electricity transmission line from Tabora to Mpanda. Upon completion, will supply 130 MW to region whose current consumption of power stands at between 5 and 6 MW. The project will also solve frequent power outages as the generated power will surpass their actual consumption.
President Magufuli explained that in the past power outages were normal in the country but in recent years the problem been contained after it came to the attention of authorities that some officials were sabotaging power production at Mtera Hydro Power dam by tampering with the water supply system at the reservoir.
“Once Katavi is connected to the national grid the region can contribute considerably to the national economy as regional residents can start up industries whenever they wish to and the operation costs will also go down,” said Dr Magufuli.
The president also gave assurance that Nyerere Hydropower project, which is currently under implementation will change Tanzania’ supply as it will produce 2,115 MW to the national grid.
constructionreviewonline.com
The government of Tanzania has flagged off construction of Tabora- Katavi power transmission project. Speaking yesterday after laying the foundation stone for the construction of the power line at Kampuni Village in Mpanda District, Katavi region, President Magufuli said the project will help save millions that the fifth phase government has been spending to run power generators.
The government through Tanzania Electric Supply Company ( Tanesco) has been spending US $3m annually to operate the generators.
Tabora- Katavi power transmission project
The Tabora- Katavi power project estimated to cost US $59m, entails construction of Kilovolt 132 from Tabora with the length of 138 kilometres electricity transmission line from Tabora to Mpanda. Upon completion, will supply 130 MW to region whose current consumption of power stands at between 5 and 6 MW. The project will also solve frequent power outages as the generated power will surpass their actual consumption.
President Magufuli explained that in the past power outages were normal in the country but in recent years the problem been contained after it came to the attention of authorities that some officials were sabotaging power production at Mtera Hydro Power dam by tampering with the water supply system at the reservoir.
“Once Katavi is connected to the national grid the region can contribute considerably to the national economy as regional residents can start up industries whenever they wish to and the operation costs will also go down,” said Dr Magufuli.
The president also gave assurance that Nyerere Hydropower project, which is currently under implementation will change Tanzania’ supply as it will produce 2,115 MW to the national grid.
Tanzania begins construction of Tabora- Katavi power transmission project
The government of Tanzania has flagged off construction of Tabora- Katavi power transmission project in bid to save millions being spent to run power generators.
constructionreviewonline.com
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #27
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #28
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #29
CRDB target state mega infrastructure projects as growth spirals
CRDB target state mega infrastructure projects as growth spirals
BUOYED by its rediscovering of sustained growth with net profit increasing by 76 percent during the third quarter of this year, CRDB Bank is now targeting to invest in government’s mega infrastructure projects.
“Performance guarantee and bid bonds have become very products for contractors and suppliers of major government’s infrastructure projects,” Nsekela who took over in October last year as the bank’s CEO said.
When he took over, CRDB had taken a hit in profits from 30.8bn/- in 2017 to 52.25bn/- last year before the latest profit spiralling to 92.16bn/-. “Our sustained growth has been championed by a committed staff, lowering of running costs and recovering of bad loans which had eaten into the bank’s profits,” Nsekela who is arguably one of the market’s youngest CEOs manning a mega bank, stated.
He said CRDB has played a role both in financing the ongoing state mega infrastructure projects in Standard Gauge Railway and Rufiji Hydro Electric Power Project (Nyerere HEP) in addition to bankrolling small and medium size enterprises.
The CRDB chief further stated that his management will continue focusing on trade financing because it is an area of rapid growth as demand for the product in the market is on growth path thanks to President John Magufuli’s administration’s focus on infrastructure development.
“We are convinced that this area of trade financing is of significance and will continue to invest heavily in this segment,” Nsekela added while emphasising that another area of focus remains financing SMEs.
Earlier this year, CRDB paired with United Bank for Africa to give a guarantee of U$730 million to the over 2,000 megawatts Rufiji hydro Power Project being undertaken by Egyptian Arab Contractors Limited and El Sewady Electric Company Elsewedy Electric with state power giant, Tanesco as client.
Among the highlights of the period include: the bank’s balance sheet which grew by 5 percent to 6.2trn/- from 5.9trn/- reported during the period last year; loan portfolio slightly grew by 2.5 percent to 3.25trn/- while deposits increased by 7 percent to 4.8trn/-. “Net interest income increased by 22 percent year on year to reach 389.66bn/- from 319.09bn/- reported in September 2018," Nsekela added.
The Tier 1 commercial bank continued to command a 22 percent market share of industry deposits owing to its robust network of 240 branches, 551 ATMs, over 2,400 Point of Sales (POS) terminals and 11,612 wakalas who increased by a whopping 7,260 year on year.
“Our focus on operational efficiency and sales optimization is paying off. We have embarked on the digitalization journey while adhering to good governance, reduce operational costs, and improve our service delivery. As you can see, our earnings from credit books, trade finance, and foreign currency dealings have significantly increased, showing our commitment to serving each segment in the market," the youthful CRDB boss added.
CRDB target state mega infrastructure projects as growth spirals
BUOYED by its rediscovering of sustained growth with net profit increasing by 76 percent during the third quarter of this year, CRDB Bank is now targeting to invest in government’s mega infrastructure projects.
Announcing the 92.16bn/- net profit earned during the year ending September 2019, CRDB Bank Plc’s Managing Director, Abdulmajid Nsekela said the extraordinary growth comes about because his management has focused on financing contract biding and guarantee for contractors and suppliers of major infrastructure projects.
“Performance guarantee and bid bonds have become very products for contractors and suppliers of major government’s infrastructure projects,” Nsekela who took over in October last year as the bank’s CEO said.
When he took over, CRDB had taken a hit in profits from 30.8bn/- in 2017 to 52.25bn/- last year before the latest profit spiralling to 92.16bn/-. “Our sustained growth has been championed by a committed staff, lowering of running costs and recovering of bad loans which had eaten into the bank’s profits,” Nsekela who is arguably one of the market’s youngest CEOs manning a mega bank, stated.
He said CRDB has played a role both in financing the ongoing state mega infrastructure projects in Standard Gauge Railway and Rufiji Hydro Electric Power Project (Nyerere HEP) in addition to bankrolling small and medium size enterprises.
The CRDB chief further stated that his management will continue focusing on trade financing because it is an area of rapid growth as demand for the product in the market is on growth path thanks to President John Magufuli’s administration’s focus on infrastructure development.
“We are convinced that this area of trade financing is of significance and will continue to invest heavily in this segment,” Nsekela added while emphasising that another area of focus remains financing SMEs.
Earlier this year, CRDB paired with United Bank for Africa to give a guarantee of U$730 million to the over 2,000 megawatts Rufiji hydro Power Project being undertaken by Egyptian Arab Contractors Limited and El Sewady Electric Company Elsewedy Electric with state power giant, Tanesco as client.
Among the highlights of the period include: the bank’s balance sheet which grew by 5 percent to 6.2trn/- from 5.9trn/- reported during the period last year; loan portfolio slightly grew by 2.5 percent to 3.25trn/- while deposits increased by 7 percent to 4.8trn/-. “Net interest income increased by 22 percent year on year to reach 389.66bn/- from 319.09bn/- reported in September 2018," Nsekela added.
The Tier 1 commercial bank continued to command a 22 percent market share of industry deposits owing to its robust network of 240 branches, 551 ATMs, over 2,400 Point of Sales (POS) terminals and 11,612 wakalas who increased by a whopping 7,260 year on year.
“Our focus on operational efficiency and sales optimization is paying off. We have embarked on the digitalization journey while adhering to good governance, reduce operational costs, and improve our service delivery. As you can see, our earnings from credit books, trade finance, and foreign currency dealings have significantly increased, showing our commitment to serving each segment in the market," the youthful CRDB boss added.
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #30
High level Egyptian delegation checks on progress in Tanzanian Rufiji dam project - Egypt Independent
A high-level Egyptian delegation on Saturday visited the hydroelectric Stiegler’s Gorge dam project in Tanzania, which is being constructed by an Egyptian consortium of Arab Contractors and Elsewedy Electric at a US$2.9 billion cost.
The head of the Central Agency for Reconstruction in Egypt, Mahmoud Nassar, said that the project receives great attention and regular follow-up from President Abdel Fattah al-Sisi.
The visit’s aim is to check on the project’s progress, Nassar said, adding that the goal of the project is to control flooding at the Rufiji River, generate power and preserve the environment.
According to Nassar, the visit was accompanied by Tanzanian Minister of Energy Medard Kalemani, concerned officials from the Tanzanian side, Egyptian Ambassador to Tanzania Mohamed Abul Wafa, and the board of the Egyptian consortium.
The Tanzanian Minister of Energy praised the project’s progression since its inception on December 15 2018, and further praised the commitment of the consortium to contract the project and finish by June 2022.
The power station is set to located across the Rufiji River in the Stiegler’s Gorge, at the Selous Game Reserve in the Morogoro region, lying 220 kilometers southwest of Dar es Salaam, the commercial capital and largest city of Tanzania. The project’s goal is generating electricity of 2,115 MW to provide Tanzania’s energy needs, as well as controlling water levels during flood periods and satisfy the water needs for the Tanzanian state.
The 134-meter dam will have a storage capacity of 34 million cubic meters of water. The reservoir will be 100-kilometers long and 1,350 square kilometers in area, while the earth embankment will be 3.7 million cubic meters.
The powerhouse will be above-ground and consist of nine vertical Francis turbines with capacity ranging from 200 MW to 300 MW each, and power generators with a capacity of 1,200 MW each. Power transformers of 235-353 MVA each with a combined capacity of 2,470 MVA will be installed. The plant will also include a 400 kV switch yard.
Additional infrastructure will include electric switch gears, a protection system and fire detection system, along with auxiliary power supply, DC systems, cooling and sewage systems.
The construction of 10-kilometer internal roads, 15-kilometer long residential roads, 350 permanent houses and 3,000 secondary houses are also part of the project.
Edited translation from Al-Masry Al-Youm
EINSTEIN112
JF-Expert Member
- Oct 26, 2018
- 21,713
- 35,525
Mzee baba hapa KE hawaji unajua kwanini? Kule ni apigaji dili na matokeo hayaonekani, unakumbuka kuna Dam walisema imejengwa wakakuta pori?
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #32
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #33
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #34
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #35
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #36
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #37
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #38
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #39
Trade and Development Bank chief hints at another mega loan for Dar
Trade and Development Bank chief hints at another mega loan for Dar
TRADE and Development Bank President, Dr Admassu Tadesse has hinted that the regional financier will soon released another multi-billion shillings concessional loan to Tanzania to finance its ongoing mega infrastructure projects.
Dr Tadesse said in the new capital on Tuesday evening after meeting with Minister for Finance and Economic Planning, Dr Philip Mpango that the Nairobi based regional bank (formerly known as PTA Bank), has confidence in President John Magufuli’s administration hence a new round of loan is on its way.
“Tanzania’s economy continues to perform better which encourages us to support the growth trajectory with funding targeting major infrastructure projects,” Dr Tadesse noted. TDB gave the country a U$1 billion soft loan earlier this year to back construction of the ongoing standard gauge railway from Dar es Salaam to Mwanza which is already approaching Dodoma.
He said the funding will also help implement a hydro-electric power project along River Ruhudji in Njombe region. “We will soon release more funding to Tanzania because we are encouraged by the progress being made,” he added.
Speaking after his meeting with the TDB President, Dr Mpango said the regional financier has been a good development partner for the country thanks to its soft loans. “In addition to the U$1 billion that we received in August this year, we expect to get another U$300 million,” Dr Mpango said.
He said the new loan will finance construction work of SGR along the Central Railway Line but also finance the Njombe and other power projects as the country gears towards becoming energy self sufficient.
Permanent Secretary at Ministry of Energy, Dr Hamis Mwinyimvua said the TDB’s loan will help bridge the gap of U$460.2 million Ruhudji power project with capacity of 358 megawatts. “Of the amount, U$407 million will be spent on buying and installing generation equipment while U$53 million will go towards construction of 170 kilometres of transmission lines,” Dr Mwinyimvua stated while stressing that the government’s target is to generate 10,000MW of power by 2025.
Tanzania Railways Limited’s CEO, Masanja Kadogosa said construction work of the Dar es Salaam to Morogoro SGR line has reached 72 percent. He thanked TDB for showing willingness to provide funding to cover construction of the SGR line from Mwanza to Isaka.Tanzania is one of the 31 TDB shareholders with 8.33 percent of shares.
Trade and Development Bank chief hints at another mega loan for Dar
TRADE and Development Bank President, Dr Admassu Tadesse has hinted that the regional financier will soon released another multi-billion shillings concessional loan to Tanzania to finance its ongoing mega infrastructure projects.
Dr Tadesse said in the new capital on Tuesday evening after meeting with Minister for Finance and Economic Planning, Dr Philip Mpango that the Nairobi based regional bank (formerly known as PTA Bank), has confidence in President John Magufuli’s administration hence a new round of loan is on its way.
“Tanzania’s economy continues to perform better which encourages us to support the growth trajectory with funding targeting major infrastructure projects,” Dr Tadesse noted. TDB gave the country a U$1 billion soft loan earlier this year to back construction of the ongoing standard gauge railway from Dar es Salaam to Mwanza which is already approaching Dodoma.
He said the funding will also help implement a hydro-electric power project along River Ruhudji in Njombe region. “We will soon release more funding to Tanzania because we are encouraged by the progress being made,” he added.
Speaking after his meeting with the TDB President, Dr Mpango said the regional financier has been a good development partner for the country thanks to its soft loans. “In addition to the U$1 billion that we received in August this year, we expect to get another U$300 million,” Dr Mpango said.
He said the new loan will finance construction work of SGR along the Central Railway Line but also finance the Njombe and other power projects as the country gears towards becoming energy self sufficient.
Permanent Secretary at Ministry of Energy, Dr Hamis Mwinyimvua said the TDB’s loan will help bridge the gap of U$460.2 million Ruhudji power project with capacity of 358 megawatts. “Of the amount, U$407 million will be spent on buying and installing generation equipment while U$53 million will go towards construction of 170 kilometres of transmission lines,” Dr Mwinyimvua stated while stressing that the government’s target is to generate 10,000MW of power by 2025.
Tanzania Railways Limited’s CEO, Masanja Kadogosa said construction work of the Dar es Salaam to Morogoro SGR line has reached 72 percent. He thanked TDB for showing willingness to provide funding to cover construction of the SGR line from Mwanza to Isaka.Tanzania is one of the 31 TDB shareholders with 8.33 percent of shares.
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,186
- 79,379
- Thread starter
- #40
Similar Discussions
-
Political will’ needed to kick-start Inga 3 construction, per AfDB president
- Started by August
- Replies: 1
-
Serikali yashusha Bei ya kununua Umeme kuanzia leo- Started by BARD AI
- Replies: 2
-
Congo ina plan 50 Gigawatt, grand Inga Hydroelectric Dam!- Started by Kijakazi
- Replies: 22
-
Projects Initiated by President John P Magufuli in Tanzania- Started by Tabutupu
- Replies: 63
-
Project Driver (4 Posts) at EGPAF- Started by Jamii Opportunities
- Replies: 0