Energy Policy & Regulation

The Deputy Minister for Industry and Trade, Mr. Exaud Kigahe, extended a warm invitation to international companies at the 8th Power and Energy Africa International Trade Exhibition, emphasizing Tanzania's rich potential for trade and investment. Speaking at the event in Dar es Salaam, Kigahe highlighted the country as a promising destination for investment, particularly in its evolving energy sector. He expressed optimism about the numerous opportunities available, calling on global businesses to explore the advantages Tanzania offers.

Tanzania's energy sector is undergoing a significant transformation, blending traditional and renewable energy sources to foster growth. Kigahe pointed to ongoing investments in energy infrastructure, including the construction of new power plants and the expansion of the electricity grid. Notable projects such as the Nyerere Hydropower Plant and the Likong’o-Mchinga Liquefied Natural Gas (LNG) plant are anticipated to enhance the country’s energy capacity, demonstrating the government’s commitment to fostering an environment conducive to investment.

The exhibition, which spanned three days, showcased leading companies from countries including China, India, Germany, and South Africa, among others. Kigahe reaffirmed the Tanzanian government’s dedication to supporting the energy sector's growth through various policies and regulations, such as the Electricity Act and the Rural Energy Act. These initiatives aim to bolster private-sector participation and promote sustainable energy practices, which are crucial for driving economic development and improving the quality of life for Tanzanians.

Participants like Jackson Wu, CEO of the Chinese solar power company Fadsol, expressed enthusiasm about investing in Tanzania, citing the favorable business climate fostered by the government. Wu's comments reflect a growing recognition of Tanzania's political and economic stability as attractive factors for international investors. Additionally, Mr. Duncan Njage, Regional Director-East Africa at Expo Group, noted the success of the exhibition, which drew exhibitors from 22 countries, encouraging local attendees to engage with innovative solar products on display. This event serves as a platform for fostering partnerships and encouraging sustainable energy solutions in Tanzania.