BII and Meridiam invest $15 million in energy in Tanzania

BII and Meridiam sign a $15 million agreement to extend access to energy in Tanzania, aiming to supply 170,000 people and 4,000 businesses.

Share:

BII et Meridiam Investissent 15 M$ dans l'Énergie en Tanzanie.

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

British International Investment (BII) and Meridiam have signed an agreement to finance Rift Valley Energy (RVE) to the tune of $15 million, with a possible extension to $25 million. This investment will support the development of renewable energy projects in Tanzania, aimed at increasing the country’s energy capacity. RVE, a Meridiam subsidiary, is focusing on developing an additional 7.6 MW of power for the national grid.

Growth and Electrification Objectives

The funding will enable the installation of new wind and hydro power capacity, boosting the supply of electricity to businesses and households in rural areas. RVE plans to supply electricity to around 170,000 people and connect 4,000 businesses and households to the grid for the first time. The project also aims to support local industries, improving operational efficiency and productivity.

Economic impact and employment opportunities

BII’s investment is expected to create around 1,800 jobs and contribute to a significant reduction in energy costs for local businesses. Improving the electrical infrastructure will enable businesses in various sectors to benefit from a more reliable and economical source of energy, which is essential for stimulating local economic growth and attracting new investment.

Regional Partnerships and Investments

BII and Meridiam have a long history of strategic partnerships in the African energy sector. In 2023, BII has committed over $355 million to various projects in East Africa, including investments in infrastructure, telecommunications and financial services. This agreement with RVE is part of a wider strategy to strengthen the region’s energy infrastructure and support long-term economic development.

Prime Minister Sébastien Lecornu announced a review of public funding for renewable energy, without changing national targets, to avoid rent-seeking effects and better regulate the use of public funds.
The 2025 edition of the Renewable Electricity System Observatory warns of the widening gap between French energy ambitions and industrial reality, requiring immediate acceleration of investments in solar, wind and associated infrastructure.
Kogi State Electricity Distribution Limited reported a ₦1.3bn ($882,011) loss due to power fraud, threatening its operational viability in Kogi State.
More than 40 developers will gather in Livingstone from 26 to 28 November to turn Southern Africa’s energy commitments into bankable and interconnected projects.
Citepa projections confirm a marked slowdown in France's climate trajectory, with emissions reductions well below targets set in the national low-carbon strategy.
The United States has threatened economic sanctions against International Maritime Organization members who approve a global carbon tax on international shipping emissions.
Global progress on electricity access slowed in 2024, with only 11 million new connections, despite targeted efforts in parts of Africa and Asia.
A parliamentary report questions the 2026 electricity pricing reform, warning of increased market exposure for households and a redistribution mechanism lacking clarity.
The US Senate has confirmed two new commissioners to the Federal Energy Regulatory Commission, creating a Republican majority that could reshape the regulatory approach to national energy infrastructure.
The federal government launches a CAD3mn call for proposals to fund Indigenous participation in energy and infrastructure projects related to critical minerals.
Opportunities are emerging for African countries to move from extraction to industrial manufacturing in energy technology value chains, as the 2025 G20 discussions highlight these issues.
According to the International Energy Agency (IEA), global renewable power capacity could more than double by 2030, driven by the rise of solar photovoltaics despite supply chain pressures and evolving policy frameworks.
Algeria plans to allocate $60 billion to energy projects by 2029, primarily targeting upstream oil and gas, while developing petrochemicals, renewables and unconventional resources.
China set a record for clean technology exports in August, driven by surging sales of electric vehicles and batteries, with more than half of the growth coming from non-OECD markets.
A night-time attack on Belgorod’s power grid left thousands without electricity, according to Russian local authorities, despite partial service restoration the following morning.
The French Academy of Sciences calls for a global ban on solar radiation modification, citing major risks to climate stability and the world economy.
The halt of US federal services disrupts the entire decision-making chain for energy and mining projects, with growing risks of administrative delays and missing critical data.
Facing a potential federal government shutdown, multiple US energy agencies are preparing to suspend services and furlough thousands of employees.
A report reveals the economic impact of renewable energy losses in Chile, indicating that a 1% drop in curtailments could generate $15mn in annual savings.
Faced with growing threats to its infrastructure, Denmark raises its energy alert level in response to a series of unidentified drone flyovers and ongoing geopolitical tensions.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.