Troubled Tanesco risks losing access to gas pipeline
The Tanzania Electric Supply Company (Tanesco) building in Ubungo, Dar es Salaam. The firm owes $109 million to Tanzania Petroleum Development Corporation (TPDC). PHOTO | NMG
Tanzania electricity supply firm Tanesco risks losing rights to a crucial gas pipeline deal if it does not pay Tsh248 billion ($109 million) to Tanzania Petroleum Development Corporation (TPDC).
TPDC has said that the debt is causing it financial distress, as it also owes the Exim Bank of China.
