Tanzania’s TANESCO to buy 19.16MW green power from IPPs

TANZANIA – Six Independent Power Producers (IPPs) which are developing renewable energy projects in Tanzania, have concluded power purchase agreements with the Tanzania Electric Supply Company (TANESCO) for 19.16 MW under the supervision of the Energy and Water Regulatory Authority (EWURA). Among the selected IPPs is Nishati Lutheran Investment, which is implementing a 36-kW hydro-power project at the Ijangala Falls in Makete. Madope Hydro which is implementing the 1.7 MW Madope Hydroelectric Project on the Madope River while Luponde Hydro is also signing a Power Purchase Agreement (PPA) with TANESCO…

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FMO signs US$598k convertible note to ZIZ Energie to improve green energy access

CHAD – FMO, a Dutch Entrepreneurial Development Bank, has signed an €500,000 (US$598,280) convertible note through its Ventures Program to ZIZ Energie (ZIZ), a privately-owned integrated power company in Chad. The investment is part of a €2 million (US$2.39m) convertible round in a co-investment with Energy Access Ventures (EAV) and marks the start of a larger investment round that aims to allow ZIZ to scale its operations and improve green energy access to households and smaller businesses in secondary towns across the country. ZIZ was established in 2006 by Chadian…

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