DODOMA: TANZANIA and the French Development Agency (AFD) have signed a complementary financing agreement worth 34.86 million Euro (equivalent to 96.47bn/-) for
implementation of the Kakono Hydropower project which upon completion will pump into the national grid about 87.8 Megawatts.The signing ceremony was held at Dodoma’s Treasury Square between the Permanent Secretary in the Ministry of Finance, Dr Natu Mwamba and AFD Country Director, Ms Celine Robert and witnessed by Deputy Permanent Secretary in the Ministry of Energy, Dr James Mataragio.
The proposed Kakono Hydropower Project which is located approximately 90 kilometres West of Bukoba Municipality in the Northwest corner of Tanzania, along the Kagera River will be implemented by the Ministry of Energy via the State-owned power utility firm, Tanzania Electric Supply Company Limited (TANESCO).
At the signing ceremony yesterday, the AFD Country Director said that the Grant agreement was delegated by the European Union (EU).
“This financing will support implementation of the Environmental and Social Management Plan as well as the infrastructures associated with the 87.8 MW Kakono Hydropower Plant located in Kagera Region, in the northern part of Tanzania,’’ she said.
According to Ms Robert, TANESCO had already benefited from a 281 million US dollar loan from both the French Development Agency and the African Development Bank (AfDB).
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