Author Topic: Swedish firm moves Sh253bn Malindi power plan to Tanzania  (Read 135 times)

Offline RVtitem

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Swedish firm moves Sh253bn Malindi power plan to Tanzania
« on: October 12, 2017, 07:42:39 AM »
A Swedish firm that wanted to construct Africa’s largest wind power plant in Malindi at a cost of Sh253 billion has relocated the investment to Tanzania, citing frustration by Kenyan authorities.

VR Holding AB had last year expressed interest in building a 600-megawatt (MW) wind farm in the Indian Ocean waters bordering Ras Ngomeni in Malindi, but Ministry of Energy officials turned down the request citing lack of a framework for renewable energy projects of that scale besides low demand for electricity in the country.

http://www.businessdailyafrica.com/news/Swedish-firm-moves-Sh253bn-Malindi-Tanzania/539546-4134062-3qyewe/index.html

Offline Vintage Windy City Assassin

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Re: Swedish firm moves Sh253bn Malindi power plan to Tanzania
« Reply #1 on: October 12, 2017, 12:20:23 PM »
Looks like they are worried about a white elephant.
"I freed a thousand slaves.  I could have freed a thousand more if only they knew they were slaves."

Harriet Tubman

Offline RVtitem

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Re: Swedish firm moves Sh253bn Malindi power plan to Tanzania
« Reply #2 on: October 12, 2017, 01:10:57 PM »
Looks like they are worried about a white elephant.

Precise. It smells like a trojan horse. The much sought after mzungu investor thugs wanted to acquire coastal land in the name of so-called green energy, and in the process displace people.

They may not be lucky with Tanzania either, Magufuli is on a rampage over dubious signed deals such as this.

http://m.ippmedia.com/en/news/magufuli-orders-ban-any-more-dubious-power-deals

Offline Parkerpen

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Re: Swedish firm moves Sh253bn Malindi power plan to Tanzania
« Reply #3 on: October 12, 2017, 07:49:01 PM »
Africa is a tough place. Someone wants 10% to introduce you to the boss and then land has become a commodity, that's just before you submit plans to NEMA -10%, then another 10% for the local politician so he can keep away thugs. That's why investors shy away, unless it is something like IT.