TANZANIA
November 1st, 2001
BY KEITH NUTHALL
THE WORLD Bank and the European Investment Bank are to lend US$183 and Euro 55 million respectively to Tanzania, where the money will establish Songas, a privately owned and managed natural gas and power utility. The company will develop Tanzania's natural gas field on Songo Songo Island and construct a 230 km pipeline to bring the gas to a power plant, which will be refurbished and converted to gas production.
THE WORLD Bank and the European Investment Bank are to lend US$183 and Euro 55 million respectively to Tanzania, where the money will establish Songas, a privately owned and managed natural gas and power utility. The company will develop Tanzania's natural gas field on Songo Songo Island and construct a 230 km pipeline to bring the gas to a power plant, which will be refurbished and converted to gas production.
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