First Buyer's Credit Provided to the Government of Tanzania by JBIC
Supporting the export of power plant equipment by Japanese companies

  • Area: Africa
  • Infrastructures

JBIC concluded, in line with FAITH, a loan agreement (export financing) with the Tanzanian government which provides the funds necessary for the procurement and installation of gas turbines made by MITSUBISHI HITACHI POWER SYSTEMS, LTD. from SUMITOMO CORPORATION, for a gas-fired combined cycle power plant scheduled to be constructed by TANZANIA ELECTRIC SUPPLY COMPANY (TANESCO). Given Tanzania's tighter supply of power due to robust economic growth, the Tanzanian government has created a Power System Master Plan, through which it strives to not only expand its power generation capacity, but also reduce the cost of generating power through the use of the country's abundant gas resources. Supporting the export of equipment manufactured by Japanese companies through this loan is expected to contribute to maintaining and improving the international competitiveness of Japanese corporations, and also aid Tanzania's economic development through a stable supply of energy.
Back to Top