Tanzania Signs a Deal with Egypt’s El Sewedy and Arab Contractors to Build a $3 Billion Hydroelectric Plant

Energy Minister Medard Kalemani stated that the plant would have an installed capacity of 2,115 megawatts, calling it “a very huge dam project.”

Representatives of state-run Tanzania Electric Supply Co, El Sewedy and Arab Contractors signed the agreement in the presence of President John Magufuli and Egyptian Prime Minister Mostafa Madbouly. Arab Contractors will have a 55% stake in the project, and El Sewedy will have 45%.

The dam will become a major source of water and the cheap electricity to be produced from the dam will reduce the number of people who cut trees for firewood.

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