SONGAS Limited has paid 11.6bn/- dividends to the government through the shares owned by the Tanzania Petroleum Development Corporation (TPDC) and the Tanzania Electric Supply Company Limited (TANESCO).
The government also benefitted from its
32 per cent share in Tanzania Development Finance Limited (TDFL) after
receiving 2.3bn/- dividend from Songas Limited. Similarly, the
government is being paid withholding tax through the Tanzania Revenue
Authority (TRA).
The government owns 46 per cent shares
through its shareholdings by TANESCO, TPDC and TDFL in Songas Limited
that contributes 180MW of power supply to the national grid. Globeleq,
which is a UK-based independent power producer company, developing and
operating power projects throughout Africa owns 54 per cent of the
shares in Songas Limited.
The Treasury Registrar, Dr Oswald
Mashindano commended Songas Limited for the achievements reached and
pledged continued government support.
“The government is committed to support
you to scale up efficiency and is ready to meet and sort out areas
needing clarifications,” he said in Dar es Salaam yesterday during the
dividend distribution ceremony.
The TR challenged Songas Limited to
maintain the level of achievements to benefit shareholders with more
dividends as well as sufficient electricity generation capacity
maintained. Songas Limited Managing Director Mr Nigel Whittaker said
earlier a strong partnership between public and private sector in the
energy sector can ensure high quality electricity services in the
country.
“What is successful for Songas Limited
is also successful for TANESCO and the government,” he said, adding that
Songas has been supporting the industrialisation drive through 20 per
cent contributions of power and gas distribution to the industries.
On his part, the Chief Financial Officer
Mr Anael Samuel said Songas has paid 130bn/- dividends to its
shareholders since 2012 when it started dividend distribution to its
shareholders.
No comments :
Post a Comment