China Bank provides $136 million for Tanzania Wind Project

Tanzania has become the latest beneficiary of financial assistance from China, for a 300 MW wind energy project. China’s Export-Import Bank will provide $136 million in loan to set up a part of this project that will have a generation capacity of 50 MW.

The project, to be developed by Geo Wind Tanzania Limited, is expected to start power generation from December 2016. The company will sign agreements with a Chinese contractor for the supply of wind turbines and other equipment and construction of the project. ...Read more: