📋 Tender Overview
Scope : To Build 87.8 Megawatt Kakono Hydropower Project in Kagera Region, Tanzania.
Recently, Tanzania and the AfDB inked a loan agreement for a total of $161.47 million that would fund the Kakono Hydropower Project in Kagera.
The 87.8 Megawatt project’s overall cost exceeds Sh 700 billion.
The government inked an agreement with the AFD on its part of the deal, totaling 110 million euros. The signing came just one week prior to the recent new development. This is according to Finance and Planning Minister Mwigulu Nchemba.
The overall cost of the project, which has not yet been determined, is 35 million euros. The project will be funded by the EU, but the money will be administered by the AFD.
After this significant milestone, Dr. Nchemba requested that the grant agreement between AFD and the EU be accelerated. This is in order to have the whole package of financing ready for the project.
The development of the project will replace fossil fuels.
The project will be finished in five years. As part of the Project, a primary school, a health center, and a 28 km long access road will all be constructed in addition to the 87.8 MW hydropower plant. The final outcome will be an improvement in the nearby communities’ standard of living.
The project also entails the provision of evacuation facilities and carrying out the environmental and social management as well as monitoring plan. The Kakono Hydropower Project supports both the state’s Third Five Year Development Plan (FYDP III) and the overarching plan of the Sixth Phase Government.
Building a competitive and industrial economy is the desired aim, and it will be realized through improving the business as well as investment enabling environment, productive infrastructure, reliable access to energy, and systems for education and training.
