President John Magufuli of Tanzania is set to launch the Stiegler Gorge hydroelectric project today in Rufiji.
The project is being carried out by two Egyptian companies; Arab contractors and Elsewedy Electric. The dam, which is expected to be completed in 2022 will be able to generate 2115MW.
Egypt has a lot of technical and operational experience in the field of dams is looking to use this expertise to strengthen its presence and role in the continent.
Egyptian Prime Minister Mostafa Madbouly and Tanzanian President John Magufuli signed the contract for the major hydroelectric dam project in the Rufiji River Basin in Tanzania at a total cost of US $3.6bn.
The project is set to be one of the most essential projects in the East African region. The government of Tanzania already has committed $309.6 million to kick start the project.
The governments of Tanzania have hinted that the hydroelectric power plant, once completed, will be able to create 12,000 jobs and inject 2100MW into the national grid.
African countries are positioning themselves to be global leaders in the transition to 100% renewable energy. Renewable Energy sources provide enormous opportunities to fight the climate crisis and meet their energy demands for economic, environmental and social prosperity.