KAKONO HYDROPOWER PROJECT

Tanzania government has signed a loan agreement of 161.47 million US dollars (about 374.9bn/-) with the African Development Bank (AfDB), to implement Kakono Hydropower Project (Kakono HPP). The approximate cost of execution of the Kakono HPP is 325 million US dollars (about 750bn/-). Speaking during the signing ceremony in Dar es Salaam, Minister for Finance and Planning, Dr Mwigulu Nchemba said the overall development objective of Kakono HPP is to increase on-grid energy production from…