U.S. and Tanzania Sign Partnership for Growth

At a ceremony held at Prime Minister Mizengo Pinda's office on February 11, U.S. Assistant Secretary of State Johnnie Carson and Tanzanian Energy Minister William Mganga Ngeleja signed a Statement of Principles reaffirming the bilateral commitment to supporting the Partnership for Growth (PfG) Initiative. Tanzania is one of four countries globally - including El Salvador, Ghana, and the Philippines - participating in the PfG Initiative which aims to significantly enhance U.S. bilateral relationships with a select set of countries to accelerate and sustain broad-based economic growth, with the goal of creating the next generation of emerging markets. 

The United States developed PfG to implement development efforts through a more comprehensive and creative approach beyond traditional aid. The initiative will consider all the appropriate instruments of both governments to promote economic growth, including strategies to leverage the resources and tools of partners, especially the private sector, and to increase effectiveness of policies and institutions necessary for development. 

Assistant Secretary of State Johnnie Carson is in Tanzania leading an energy trade mission from February 8 through 11, that includes senior-level government officials and nine private American energy companies interested in potential investment projects with the aim of enhancing the country's ability to generate electric power. The Corporate Council on Africa is co-sponsoring the mission.

http://tanzania.usembassy.gov/pr_02112012.html

Tanzania buys majority stake in Mtwara plant

A gas plant in Tanzania. Picture: File 

By JOHN MBALAMWEZI  (email the author) 


Posted  Saturday, February 11  2012 at  17:07

Tanzania and Canadian oil and gas company Wentworth Resource Ltd have reached an agreement over the purchase of the latter’s Mtwara gas power plant.

In the deal, state energy firm Tanzania Electric Supply Company Ltd (Tanesco) will acquire the 18MW gas-fired power plant and associated assets in Tanzania.

Tanesco will buy 100 per cent shares of the power plant at $13.5 million.

Wentworth managing director Geoff Bury said the funds from the acquisitions will allow the firm to streamline its Tanzania operations and focus on exploring for hydrocarbons and developing and producing its known natural gas resources.

“Wentworth is looking forward to continuing to be a reliable, long-term gas supplier to the Mtwara Power Plant and to being a gas supply partner with Tanesco in other parts of Tanzania,” said.

Top US Diplomat Leads Energy Investors' Visit to Dar

The Songas gas plant in Tanzania. Executives of leading US energy companies are scheduled to arrive in Tanzania on February 8 to explore opportunities for investing in power-generation and fuel-supply projects, a State Department official said on Saturday. Photo/FILE 

Executives of some leading US energy companies are scheduled to arrive in Tanzania on February 8 to explore opportunities for investing in power-generation and fuel-supply projects, a State Department official said on Saturday.

The public-private energy trade mission is led by Johnnie Carson, the US assistant secretary of state for African affairs, and is co-sponsored by the Corporate Council on Africa, a grouping of American businesses with interests in Africa.

The delegation will discuss “specific challenges to the attraction of private investment for energy infrastructure projects,” according to a State Department briefing paper.