Tanzanian liquefied petroleum gas (LPG) firm, Taifa Gas, plans to set up a $100 million energy plant in Zambia through a joint venture with a local company, Delta Marimba.<\/p>\n
The plant, to be established in the northern\u00a0Zambia,\u00a0will start production 24 months after regulatory approvals from the Zambian authorities, including the Environmental Impact Assessment.<\/p>\n
Taifa Gas says it will explore\u00a0more LPG opportunities such as\u00a0cooking gas.<\/p>\n
Read:\u00a0Tanzania pegs cost of LNG project at $42b<\/p>\n
Once operational, the LPG power plant is expected to add 100 megawatts to the Zambian national grid.<\/p>\n
Taifa Gas Executive Director Hamis Ramadhani told local media on Monday that the investment was primarily driven by favourable investment climate and policies, created by Tanzania President Samia Suluhu Hassan and Zambia counterpart Hakainde Hichilema.<\/p>\n
During the event, Taifa Group Chairman Rostam Aziz said the two firms were taking advantage of the present better policies allowing for growth of strong economies.<\/p>\n
\u201cThis is the right time for our countries to value issues of the economy because it is the economy that will transform the lives of our people,\u201d Taifa Group chairman Rostam Aziz said.<\/p>\n
A Delta Marimba representative, Padmore Muleya, said the partnership was important as it heralds greater developments for the two neighbouring countries.<\/p>\n
\u201cSolutions have come from a partner who understands where we come from,\u201d he added citing the historical ties between Tanzania and Zambia.<\/p>\n
Zambia\u2019s current energy demand is slightly above 3,000 megawatts, he said, with an output of 3,100MW.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tanzanian liquefied petroleum gas (LPG) firm, Taifa Gas, plans to set up a $100 million energy plant in Zambia through a joint venture with a local company, Delta Marimba. The plant, to be established in the northern\u00a0Zambia,\u00a0will start production 24…<\/p>\n","protected":false},"author":1,"featured_media":141,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.taifagas.co.tz\/new\/wp-json\/wp\/v2\/posts\/140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taifagas.co.tz\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taifagas.co.tz\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taifagas.co.tz\/new\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taifagas.co.tz\/new\/wp-json\/wp\/v2\/comments?post=140"}],"version-history":[{"count":1,"href":"https:\/\/www.taifagas.co.tz\/new\/wp-json\/wp\/v2\/posts\/140\/revisions"}],"predecessor-version":[{"id":142,"href":"https:\/\/www.taifagas.co.tz\/new\/wp-json\/wp\/v2\/posts\/140\/revisions\/142"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.taifagas.co.tz\/new\/wp-json\/wp\/v2\/media\/141"}],"wp:attachment":[{"href":"https:\/\/www.taifagas.co.tz\/new\/wp-json\/wp\/v2\/media?parent=140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taifagas.co.tz\/new\/wp-json\/wp\/v2\/categories?post=140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taifagas.co.tz\/new\/wp-json\/wp\/v2\/tags?post=140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}