Bloomberg News

China to Invest $400 Million in Tanzania Mine, Daily News Says

June 27, 2011

June 27 (Bloomberg) -- China will invest $400 million in Tanzania’s Kiwira coal mine project estimated to generate 200 megawatts of electricity, the Daily News reported, citing Energy and Mines minister William Ngeleja.

The money comes under a soft loan arrangement, the Dar es Salaam-based newspaper reported. Five groups, including the state-run National Social Security Fund, applied to run the project, before the government accepted China’s offer, it said.

To contact the reporter on this story: David Malingha Doya in Dar es Salaam at dmalingha@bloomberg.net

To contact the editor responsible for this story: Tim Smith at tsmith58@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus