In Tanzania, a number of megaprojects are set to be unveiled under the leadership of President Magufuli, who has so far earned the praise of international bodies due to his “gallant” efforts to tidy up the mess that had been left created by his predecessors – widespread corruption, maladministration and a general state in the civil service.
The country’s minister of energy and minerals, Professor Sospeter Muhongo, has revealed that Tanzania is planning to invest at least $30bn in the construction of a gas processing plant in Lindi Region.
The Minister says the new plant will require approximately 200kms of gas pipes from the sea to the plant. Once fully operational, through the plant, the government will be able to process gas and thus boost the country’s economy.
Says the Minister: “I can tell you today that in the few coming years, Lindi and Mtwara will be the country’s economic hub. All investors are eyeing the region because of gas and other resources,” he said. “I am asking you to get ready for the economic revolution. You must be ready to exploit opportunities. This is your time.”
The project is envisaged to take up to 40 months to be completed.
Since the discovery of natural gas in Tanzania, the economy has undergone tremendous growth, with 70% of power generation coming from gas, which is currently serving more than 30 industries in Dar es Salaam.
In addition, Professor Muhongo says a $1,9bn fertiliser factory, which will employ more than 5,000 people and produce at least 3,850 tonnes of fertiliser per day, is on the cards at Kilwa in Lindi Region. According to the Minister, the project will be implemented through the Tanzania Petroleum Development Corporation (TPDC) by Minjingu Company and Germany, Pakistan and Denmark-based companies.
Source: Adapted for African Mining Brief Online from an article published on All African