Tanzania is working to tap the potential of its abundant renewable energy resources to expand access to sustainable modern and clean energy and move closer to achieving middle-income status as envisioned in its National Development Vision 2025.
Source: World Bank
Tanzania’s $50 million SREP investment plan is designed to catalyze the large-scale development of renewable energy to transform the country’s energy sector from one that is increasingly dependent on fossil fuels to one that is more balanced and diversified, with a greater share of renewable energy sources.
Harnessing the country’s renewable energy potential will enhance energy security, generate new economic opportunities, and widen access to energy services through mobilizing and leveraging private-sector capacity. The plan consists of two distinct and complementary investments with a combined generation potential of about 147 MW.
Mount Kilimanjaro glaciers retreated by 85% between 1912 and 2007
|NAME||FUND||FUNDING (USD MILLION)||COFINANCING (USD MILLION)||MDB|
|Geothermal Development||FUNDScaling Up Renewable Energy Program in Low Income Countries||COFINANCING (USD MILLION) 21.73||FUNDING (USD MILLION) 68.27||MDBAFDB|
|Mini-Grids Project||FUNDScaling Up Renewable Energy Program in Low Income Countries||COFINANCING (USD MILLION) 4.75||FUNDING (USD MILLION) 0.10||MDBIFC|
|Renewable Energy for Rural Electrification||FUNDScaling Up Renewable Energy Program in Low Income Countries||COFINANCING (USD MILLION) 9.00||FUNDING (USD MILLION) 150.00||MDBIBRD|
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together, they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.