News / Tanzania seeks transaction advisors for power plant

Tanzania seeks transaction advisors for power plant

🕔 February 17, 2014
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The Government of the United Republic of Tanzania, through the Tanzania Electric Supply Company Limited (TANESCO), has launched a tender process for consultancy services for technical, legal and financial transactions for 200-300MW combined cycle gas power plant at Mkuranga.

The Government plans to apply part of the proceeds received from the World Bank and a grant from the Canadian Department of Foreign Affairs, Trade and Development to pay for the service.

The consulting services include, among others, the following tasks: structuring the Project for private investment (developing PPP options, project structuring and risk allocation, financial modeling, market sounding, etc.), structuring the bidding process of selecting private sector developer, implementing the transaction and financial closure of the Project.

The shortlisting criteria are: experience in similar assignments, experience in similar conditions, and availability of appropriate skills among staff.

Expressio of interest (EOI) must be delivered to TANESCO before 14.30 hours local time on March 12, 2014.

TANESCO plans to raise the number of Tanzanians who can get electricity to 30 per cent by end of next year and to 75 per cent by 2025. Long spells of drought, coupled with irregular rainfall patterns experienced in Tanzania today have affected hydro power production, forcing TANESCO to turn to an alternative power generation sources. Power production is now being complemented by other sources particularly diesel fuel and natural gas.

Tender notice:

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