• About Us
  • Contact
Thursday, March 23, 2023
No Result
View All Result
NEWSLETTER
The Business Wiz
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
No Result
View All Result
The Business Wiz
No Result
View All Result
Home Sectors Energy

Gas plants planned in Tanzania as drought hits hydro power

by Editor
31/10/2022
in Energy
0
Gas plants planned in Tanzania as drought hits hydro power
Share on FacebookShare on Twitter

Hydro power generation has slumped in Tanzania as a prolonged drought reduced water levels in rivers and reservoirs, forcing the nation to increase its reliance on gas-fired electricity plants.

Combined output from the East African nation’s four hydro power plants fell 86% to 34 megawatts, state utility Tanzania Electric Supply Company (Tanesco), said on Monday.

Kinyerezi gas power plant in Dar es Salaam. Hydro power generation has slumped in Tanzania as a prolonged drought reduced water levels in rivers and reservoirs, forcing the nation to increase its reliance on gas-fired electricity plants. PHOTO / COURTESY.

About 185 megawatts will be added from gas before the end of the year, it said.

Countries in the eastern and Horn of Africa region have suffered the worst drought in decades, leaving millions of people in need of food aid and hitting economies as the cost of living jumps.

Tanzania’s economy, which the International Monetary Fund expects to slow this year, faces blackouts across the country if the rain’s fail to arrive.

Hydroelectric power accounts for 34% of Tanzania’s energy mix, a portion that’s set to jump when the government commissions a 2,115-megawatt plant, probably in 2024.

 Currently, about 61% of the nation’s 1,700 megawatts installed capacity comes from natural gas plants.

Source: Bloomberg News

Editor

Editor

Next Post
Cryptoverse: Bitcoin wants to break its bond with stocks

Cryptoverse: Bitcoin wants to break its bond with stocks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Exchange Rate

Exchange Rate USD: Thu, 23 Mar.

Recommended

KCB Bank Tanzania assets value notches 1-trillion-shilling mark

KCB Bank Tanzania assets value notches 1-trillion-shilling mark

5 months ago
Lindi Jumbo graphite project still on track – Walkabout

Lindi Jumbo graphite project still on track – Walkabout

7 months ago

Popular News

    News

    Get latest news from us.


    SUBSCRIBE

    Category

    • Agriculture
    • Aviation
    • Banking
    • Commodities
    • Construction
    • CSR
    • Currency
    • Economic
    • Energy
    • Featured News
    • Financial Services
    • Information Technology
    • Infrastructure
    • Investment
    • Jobs
    • Manufacturing
    • Markets
    • Mining
    • Others
    • Q&A Interviews
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation

    About us

    The Business Wiz (TBW) is Tanzania’s premier one-stop online platform providing in-depth, accurate and timely business news, analysis, commentary and online business information portals and research.

    • About Us
    • Contact

    © 2022 The Business Wiz

    No Result
    View All Result
    • Home
    • Featured News
    • Economic
      • Currency
    • Investment
    • Markets
      • Stock Market
    • Sectors
      • Agriculture
      • Commodities
        • Markets
      • Construction
      • Energy
      • Financial Services
      • Information Technology
      • Infrastructure
      • Manufacturing
      • Markets
      • Mining
      • Real estate
      • Telecomunication
      • Tourism
      • Transportation

    © 2022 The Business Wiz

    en English
    ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanit Italianru Russianes Spanishsw Swahili