Norway gives Tanzania energy fund USD 122 million plus / News / The Foreigner

Norway gives Tanzania energy fund USD 122 million plus. Norway and Tanzania sign an agreement for some USD 122.3 million (NOK 700 million) over four years. State energy company Statoil also operates offshore there. “Access to electricity is a basic prerequisite for reducing poverty and promoting economic growth,” International Development Minister Heikki Holmås says of the contribution to a fund for providing people in the country’s rural villages power. The deal was signed by Minister Holmås and Tanzania’s Energy Minister Sospeter Muhongoat in connection with the high-level international meeting on energy and development in Oslo, Tuesday.

norwaytanzania, aid



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Norway gives Tanzania energy fund USD 122 million plus

Published on Wednesday, 10th April, 2013 at 12:24 under the news category, by Michael Sandelson   .
Last Updated on 14th April 2013 at 13:17.

Norway and Tanzania sign an agreement for some USD 122.3 million (NOK 700 million) over four years. State energy company Statoil also operates offshore there.

Minister Heikki Holmås in a Tanzania village near Mufindi
Minister Heikki Holmås in a Tanzania village near Mufindi
Photo: Trond Viken/Ministry of Foreign Affairs


“Access to electricity is a basic prerequisite for reducing poverty and promoting economic growth,” International Development Minister Heikki Holmås says of the contribution to a fund for providing people in the country’s rural villages power.

The deal was signed by Minister Holmås and Tanzania’s Energy Minister Sospeter Muhongoat in connection with the high-level international meeting on energy and development in Oslo, Tuesday.

HRH Crown Prince Haakon opened the event chaired by the Minister, who has recently returned from a trip to Tanzania. Approximately 250 people attended.

Top names included Dr Rajendra K. Patchauri – who received the 2007 Nobel Peace Prize on behalf of the UN Intergovernmental Panel on Climate Change (IPCC) – Heidi Hautala, Finland’s Minister for International Development, and Christian Friis Bach, Minister for Development Cooperation in Denmark.

Norway energy giant Statoil announced, Friday, it is to construct a huge gas development off the Tanzanian coast. This is expected to cost in the region of USD 17.45 billion (NOK 100 billion), it’s so-called ‘largest project ever’.

Statoil has made three major gas well discoveries in Tanzania in 12 months – Tangawizi 1, Zafarani 1, and Lavani 1. The recently reported Lavani 2 well brings it to four.

It is believed the company’s aim with its hitherto non-decided development project in Tanzania is to produce Liquefied Natural Gas (LNG).

According to International Development Minister Heikki Holmås, 80 percent live in Tanzania’s rural villages. Just six in every hundred have access to modern energy forms.

“Electricity in rural areas is about giving the majority of the population in Tanzania freedom to choose alternatives to kerosene, diesel, and other bad and harmful energy solutions. Power provides lighting for homework, better-functioning health facilities, and opportunities to create jobs and income,” the Minister also says in the statement.



Published on Wednesday, 10th April, 2013 at 12:24 under the news category, by Michael Sandelson   .
Last updated on 14th April 2013 at 13:17.

This post has the following tags: norwaytanzania, aid.





  
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