US to explore Tanzanian investment opportunities

• 12 years ago (2012-02-05)
• Junior Isles

Africa 303 North America 998

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On 8th February, executives of several leading US energy companies will travel to Tanzania for a two day visit in order to “explore opportunities for investing in power -generation and fuel -supply projects”, a State Department official has said.

The public-private energy trade mission is led by Johnnie Carson, the US assistant secretary of state for African affairs, and is co-sponsored by the Corporate Council on Africa, a grouping of American businesses with interests in Africa.

The delegation will discuss “specific challenges to the attraction of private investment for energy infrastructure projects,” according to a State Department briefing paper.

A series of talks with Tanzanian government officials is planned as part of a larger trip that begins in Mozambique on February 6 and includes stops in Kenya, Nigeria and Ghana.

“Implementation of large projects is crucial to meet the two goals of addressing huge African generating capacity needs and providing the lowest per unit cost of electricity possible,” the State Department briefing adds.

“The historical impediments to such private sector involvement include uncertain legal and regulatory regimes, inconsistent support of cost reflective electricity pricing, and insufficient availability of long-term, limited recourse financing from private financial institutions.”