Tanzania: Stiegler’s Gorge dam could cost more than double the projected budget - News Summed Up

Tanzania: Stiegler’s Gorge dam could cost more than double the projected budget


In Tanzania, Stiegler’s Gorge Dam, due to be built on a Unesco World Heritage site, will cost more than initial estimates, an independent study showed. Last year Tanzania signed a deal with two Egyptian companies, El Sewedy Electric Co and Arab Contractors, to build the $3 billion hydroelectric plant. But according to Joerg Hartmann, the dam was likely to cost $7.58 billion financing and $9.85 billion on account of cost overruns. Project works involve the building of a major concrete dam and four additional dams to store the water needed for generating hydroelectric power from the power plant. The scheme also includes the establishment of a hydroelectric power plant with a total capacity of 2,115 megawatts, a 400-kilovolt substation power station and 400-kilovolt power transmission lines to the nearest public grid.


Source: The North Africa Journal February 18, 2019 14:48 UTC



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