TAQA Arabia has signed a memorandum of understanding (MoU) with Tanzanian government officials to develop several gas delivery projects in the presence of President of Tanzania Samia Hassan.
Under the MoU, TAQA Arabia — a subsidiary of Qalaa Holdings — will be able to transfer its expertise in the fields of transportation and distribution of natural gas to Tanzania to enhance investments, especially in the energy sector, which would contribute to encouraging the use of natural gas as a clean source of energy compared to other alternative petroleum sources.
TAQA Arabia has existing investments in Tanzania. The company has already started implementing investments worth more than $11m through building and managing 12 stations for supplying cars with compressed natural gas and centres to convert various types of cars to operate with natural gas in the city of Dar Al-Salaam and the surrounding areas. This will save transportation costs by about 40% in gasoline-powered vehicles and about 22% for diesel-powered vehicles.
Adly Kafafy, the Vice President of African Investments in TAQA Arabia, said that the MoU is a main pillar for the presence of TAQA in the Tanzanian market in order to transfer over 25 years of experience in the field of gas transportation and distribution in African markets.
He added that the company was able to provide the daily energy needs of 1.7m customers, pointing out that the company aims to expand and spread the use of natural gas as well as provide the best services and energy solutions to customers.