President John Magufuli and Egyptian Prime Minister Mostafa Madbouly witnessed the deal signing between Tanzania Electric Supply Company (TANESCO) and Egyptian firms—Arab Contractors and El Sewedy Electric—at the State House in Dar es Salaam for the envisaged 2.9 billion US dollars project.
The President charged that the mega hydropower project at Stieglers' Gorge will enable the country to produce reliable and affordable electricity for Tanzania's blueprint of industrial based middle-income economy by 2025.
Reliable and reasonably priced electricity from the Rufiji hydropower plant will play a significant role in the economy, enabling industries to reduce operation costs and eventually make their products competitive in the international market.
President John Magufuli at the State House in Dar es Salaam 
Egyptian Prime Minister Mostafa Madbouly delivers his speech at the State House in Dar es Salaam 
Egytian Prime Minister Mostafa Madbouly (left) and President John Magufuli (right) at the State House in Dar es Salaam
