TAQA Arabia’s subsidiary, Elsewedy Industrial Development to supply LNG to Tanzania
Updated 5/30/2024 9:12:00 AM
Arab Finance: Rosetta for Energy Solutions, a subsidiary of TAQA Arabia, has signed a memorandum of understanding (MoU) with Elsewedy Industrial Development to supply liquified natural gas (LNG) to El Sewedy Industrial City (EIC) in Tanzania, as per an emailed press release.
Under the MoU, Rosetta will provide EIC with natural gas via a first-of-its-kind innovative LNG virtual pipeline.
This deal will also boost the energy infrastructure of EIC, which is the first and fully integrated industrial city in Africa.
“We aim to provide competitively priced and reliable energy to Tanzanian businesses and residents, fostering sustainable growth in industrial sectors and enhancing prosperity for the local community,” Rosetta’s Managing Director Karim Shaaban commented.
“By leveraging our expertise in building and operating integrated industrial cities and partnering with Rosetta for Energy Solutions, we are set to develop the infrastructure utilities of Elsewedy Industrial City in Tanzania, ensuring a steady and reliable energy supply,” Mohamed AlKammah, CEO of Elsewedy Electric’s Infrastructure Investments Sector, said.
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