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China EximBank in $132mln loan talks for Tanzanian Wind farm

Image Credit: Sweet Crude Reports

Tanzania is in talks with China’s Export-Import Bank to secure a $132 million loan to fund the country’s first wind power project.  The project, a joint venture between the state-run National Development Corporation, state-owned utility TANESCO and privately-held Power Pool East Africa, is expected to have initial generating capacity of 50MW, rising to 300MW in the future.

Read more at The Africa Report…

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