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TANESCO to Spend $1.48 Billion to Boost Service

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Maxence Melo, Jun 24, 2009.

  1. Maxence Melo

    Maxence Melo JF Founder Staff Member

    Jun 24, 2009
    Joined: Feb 10, 2006
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    Tanzania Electric Supply Co. Ltd. will spend 1.95 trillion shillings ($1.48 billion) in the next five years to boost power supply in the East African country, the company said.

    The Tanzanian government will contribute 289.6 billion shillings towards the program, the Millennium Challenge Corp. 280 billion shillings and the World Bank 243.4 billion shillings, while the utility will spend 652 billion shillings of its own funds, Tanesco said in a report given to Bloomberg News today in the commercial capital, Dar es Salaam