SIX local companies involved in renewable energy technologies are today expected to be presented with certificates after graduating from the Tanzania Renewable Energy Business Incubator (TAREBI), at an event to be officiated by Deputy Minister for Industry, Trade and Investment, Eng. Stella Manyanya.
The initiative also supports local companies dealing in biomass gasification, wind energy, wind/solar hybrid mini-grids and biogas, among other forms of renewable energy technologies.
TAREBI was established in 2014 to support development of micro and small renewable companies to graduate to higher levels by offering a comprehensive package of services including assistance in business planning, coaching and mentorship facilitated by professionals and successful entrepreneurs. In addition, the companies are offered business and technical training, information and linkage to markets, investors, loans, grants, technology and technical support as well as sourcing of raw materials.
“It as well provides links between the local companies with established renewable energy entrepreneurs, investment support, office space with internet, a reception, meeting room and a reference library,” according to a statement issued yesterday by IMED Foundation.
The companies which successfully completed the incubation include Galaxy Energy Limited, Sepon Limited, SEPON Limited and AGECO Energy and Construction Limited, all dealing in solar installation services and distribution of solar appliances.
The list also comprises DOBEA Energy Company Limited (solar-wind hybrid mini-grid in Singida), NEPERS (improved cook stoves and pots) and Heritage Cottage Limited (production and distribution of biomass briquettes).
According to the statement, the graduating companies have recorded performance improvements in turnover, business systems, internal and external compliance, access to growth capital, in addition to access to quality business premises and access to markets.
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