24 months after receiving regulatory permits from the Zambian government, including the Environmental Impact Assessment, the factory, which will be located in northern Zambia, will begin producing. Taifa Gas says it will explore more LPG opportunities such as cooking gas.
Joint $100 million project between Zambia and Tanzania
The
LPG power station will contribute 100 megawatts to Zambia’s national grid once
it is operating. According to Taifa Gas Executive Director Hamis Ramadhani, who
spoke to local media on Monday, the investment was principally motivated by the
favorable business climate and policies established by Zambian President
Hakainde Hichilema and Tanzanian President Samia Suluhu Hassan.
Taifa
Group Chairman Rostam Aziz stated during the ceremony that the two businesses
were utilizing the current, improved policies that allowed for the
establishment of strong economies.
“This
is the right time for our countries to value issues of the economy because it
is the economy that will transform the lives of our people,” Taifa Group
chairman Rostam Aziz said.
According
to Padmore Muleya, a spokesman for Delta Marimba, the collaboration is crucial
since it signals further advancements for the two neighboring nations.
“Solutions
have come from a partner who understands where we come from,” he added citing
the historical ties between Tanzania and Zambia. According to him, Zambia now
needs slightly more energy than its 3,100MW output, which is just above
3,000MW.
Mr.
Muleya, after President Hakainde Hichilema’s decision to expand copper output
from 890,000 tonnes per year to three million, the nation anticipates increased
demand from the consumer and mining sectors.
“Dramatic
increase in copper and silver production is the core demand for an increase in
power generation in the country,” he said. “Zambia is an energy hub, exporting
and has the potential to export more energy to the Democratic Republic of Congo
(DRC) that faces even more deficit. The country has the potential to export
power to Zimbabwe, which faces the deficit too,” he added.
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