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In July, President Obama and President Kikwete of Tanzania toured the Symbion Power Plant at Ubungo with Symbion's Chief Executive Officer Paul Hinks and General Electric Africa President and Chief Executive Officer Jay Ireland III.
President Obama said, "The Ubungo power plant represents the kind of public-private partnership we want to replicate across Africa." The plant generates a net output of 112 megawatts (MW) from 4 aero-derivative gas turbines manufactured by General Electric. By the end of 2013, after completion of two new investments in West Africa, Symbion will own and operate over 1,300MW in East and West Africa. The company expects to invest at least a further $1.8 billion in power generation and transmission in Africa in the next 5 years.
"The Power Africa initiative of the United States government addresses the chronic shortage of power in a number of African countries including Tanzania, Liberia, Kenya, Ghana, Ethiopia and Nigeria," said Mr. Hinks in a statement. He added, "Symbion aims to be at the forefront of Power Africa with investments in these countries within a 5 year time frame. Today, President Obama stressed the urgency of making these investments and of getting projects off the ground. This initiative enables companies like Symbion to expand their operations in Africa, and help move towards a more self-sufficient African continent.
Power Africa is a public-private partnership program that will start in those countries that are already making the sector reforms necessary to encourage private investment, including Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania.
Read President Obama's remarks.« Back to news & events listings