The United Republic of Tanzania (Tanzania) is enjoying over 50 years of peaceful independence, has one of the fastest growing populations on the African continent and is blessed with an abundance of natural resources and arable land. This, along with its strategic location in Eastern Africa between Kenya and Mozambique and with access to the Indian Ocean, makes it a natural corridor to access the economies of landlocked countries such as Burundi, Rwanda, the DRC or the Central African Republic with their 400+ million combined populations. It, therefore, doesn’t come as a surprise that these facts, and the recent average GDP growth of 6 to 7 per cent per annum, attracts a wide range of foreign investors across a number of sectors.
But with a population of more than 52 million people and an installed capacity of only around 1,400 – 1,600 MW, Tanzania’s lack of access to power remains one of the main challenges to economic development and growth. One would expect that the recent discoveries of around 50 trillion cubic feet of off-shore natural gas and a renewed focus of the international community in providing access to electricity on the African continent would open flood gates of investments in the power sector in Tanzania.
This webinar provides a comprehensive overview of the power sector in Tanzania, its stakeholders and the challenges that both the Government of Tanzania and investors in the power sector in Tanzania are facing. Although we don’t pretend that we can predict the future, this webinar aims to highlight recent developments that are likely to shape the future of the power sector at least in the immediate term.
About the Speaker:
Projects, Energy and Infrastructure
Berwin Leighton Paisner (BLP) LLP, Dubai, United Arab Emirates
Mr. Alexander Sarac is a Projects, Energy and Infrastructure Partner at BLP. Based in Dubai, Alexander’s global practice focuses on emerging markets, particularly in Africa. Alex’s expertise and experience in transactional, corporate and regulatory matters related to energy, oil and gas, infrastructure project financing, and trade-related issues currently assists clients across Africa (recent assignments include transactions in Ghana, Ivory Coast, Nigeria, and Senegal in Western Africa; Ethiopia, Kenya, Rwanda, Tanzania, Uganda, and Zambia in Eastern Africa). Alexander advises governments, financial institutions, industry, regional and international development banks, sponsors and project developers. He regularly assists his international clients with pan-African operations on acquisitions, market access, and related legal advice.
Alexander is a German-educated and qualified lawyer (Rechtsanwalt), admitted as a solicitor in England and Wales, with his Masters in Law in International and European Business Law (summa cum laude). Before joining BLP as Partner in Dubai, Alexander lived and worked in England and in Dar es Salaam, Tanzania, developing and serving a wide range of international clients in Europe, the USA, and Africa.