SPIC Website: SEP Tanzania Project Feasibility Study Report Wins Government Approval

On December 30, 2015, the feasibility study report for 300MW KIII gas-fired power generation phase I project conducted by SEP in Tanzania, an energy strategy cooperation project between China and Tanzania, gained approval from the Tanzanian Government, which meant the company was officially granted with the project development right.

During Chinese president Xi Jinping’s visit to Tanzania in March 2013, the project was listed in the priority cooperative area between China and Tanzania, while SEP, among a few Chinese enterprises, was included in the strategic partners for Tanzanian energy sector. SEP and Tanzania Electric Supply Company Limited (TANESCO) will jointly invest, construct and operate the KIII gas-fired power generation project. As the first investment project in Tanzanian energy industry by large Chinese SOE, the project has a window and demonstration effect.

As the first electricity project developed under the PPP Act of Tanzania, the approval process for the feasibility study is quite complicated. In order to speed up the approval process, promote the follow-up project development and start construction as early as possible, SEP Chairman Wang Yundan, President Wang Huaiming and Deputy President Guo Baohong have visited Tanzania many times to exchange viewpoints with local government on project development principles and push forward the approval process. SEP Shangtan Company worked closely with TANESCO, fully considered localized requirements and attempted to stimulate the initiative of all the related parties. Through several feasibility study work meetings, the related parties have clarified relevant legal issues and the approval procedures and followed the approval process stipulated by the Tanzanian government. Meanwhile, SEP invited Tanzanian government officials from various departments to visit its Shanghai headquarters and power plants, showcasing the company’s strength in power investment sector and advanced experience on power plant management, which also enhanced the Tanzanian government's confidence on SEP and the KIII project. Shangtan Company managed to promptly report the progress of feasibility study approval to the Chinese embassy as well as the Economic and Commercial Representation in Tanzania and thus acquired timely support from them. Thanks to the constant endeavors by various parties, KIII project become the first Chinese enterprise-invested project which won official approval since the new Tanzanian President took office, which would greatly promote the follow-up project progress and the work commencement as early as possible. With its hundred-year experience and capacity inheritance, SEP will strive to build KIII project into a demonstration project and set an example for China-Tanzania energy cooperation.

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