PRESIDENT John Magufuli has been elected to lead Tanzania forward at the time its energy sector continues to attract global attention due to its unique transformative potential and attractive investment opportunity.
The recent discovery of natural gas
reserves in Lindi and Mtwara Region has put the East African country
firmly on the World energy map as a hot spot for the global energy
industry and boosted the potential of the country to become a Liquefied
Natural Gas (LNG), exporter in the future.
Tanzania is estimated to have about 55
trillion cubic feet of recoverable natural gas reserves off its southern
coastline, which has attracted the attention of a number of major
energy companies, including Norway’s stateowned Statoil, Britain’s BG,
Ophir Energy and U.S. energy giant ExxonMobil, which are collaborating
with the Tanzanian government over constructing an LNG plant. But what
will Magufuli’s victory mean for Tanzania’s energy sector?
What will be the legacy of ‘The
Bulldozer’ in the face of the country’s challenges? What approach will
he take to encourage investments into power and infrastructure projects?
and what can the International investment community expect? These and
other questions will be discussed at The Powering Africa: Tanzania
Investment Conference that will take place at the Hyatt Regency Dar es
Salaam, The Kilimanjaro Hotel from 3-4 December 2015.
This meeting will focus on the future of
Tanzania’s power sector following the recent elections, identifying
opportunities for investment and building crucial relationships between
private and public players in the market.
It will discuss the country’s potential
to attract private investment and encourage the development of IPPs,
provide an update on the country’s 2014 -2025 reform plan, explore
procurement models and take a look at some of the critical
infrastructure projects which will contribute to realising the country’s
development goals.
It is expected that the meeting will
provide detailed insights into the investment opportunities in
Tanzania’s power sector in 2015, from credible decision-makers within
both the public and private sectors. Both international and local
investors will attend to drive forward the industry and explore
opportunities for valuable partnerships.
Two areas investors are eager to learn
about are what approach the new President will take towards the
development of Tanzania’s natural gas reserves and the construction of a
$15 billion Liquefied Gas terminal.
According to Amy Offord, the Marketing
Manager of Energynet Limited, which organises the conference, confirmed
speakers at the conference includes, January Makamba, Member Of
Parliament (MP), Bumbuli Constituency in Tanga Region, Felchesmi Mramba,
Managing Director, Tanzania Electric Supply Company (TANESCO) and Dr.
Babu Ram, Chief Power Engineer, African Development Bank (AfDB).
Others are David Ross, Managing
Director, Statera Capital, Paul Hinks, CEO, Symbion Power, Alberto
Barsotti, Aeroderivative Sub-Saharan Africa Sales Director, GE Power
& Water, Nigel Whittaker, Managing Director, Songas and Lutengano
Mwakaheysa, Director General, Rural Energy Agency (REA).
“Recent confirmations from January
Makamba, Member of Parliament (MP), Bumbuli Constituency in Tanga
Region, representatives from the President’s Delivery Bureau (PDB), the
Ministry of Energy and Minerals and Gas Supply Company (GASCO)
demonstrates the on-going commitment from the public sector towards
accelerating energy access in Tanzania as a springboard for economic
development,” she said.
To date, 37 unique companies from the
private sector are confirmed to attend including Tanzania Investment
Bank (TIB), Standard Chartered Bank, Mitsubishi Corporation, Citibank
Tanzania Limited, BVI Consulting, Liquefied NG Tanzania Limited, Statoil
and Sunfunder.
The agenda will focus on topics such as
Tanzania’s commitment to energy reform, sector growth and gas
development, procurement strategies for Tanzania’s public sector
companies and the importance of electricity for agriculture and captive
power industries.
Following the recent $5 million worth of
funding from the IFC enabling Tanzania to explore mini-grid power
capability, the programme will also look at the options for delivering
renewable energy to Tanzania and the opportunities for solar, wind,
geothermal and hydro power energy development.
Organisers have confirmed a registration
discount was available for ‘Daily News’ readers. To find out how to be
involved, contact amy. offord@energynet.co.uk quoting the code TANZDN1
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