Suma Hydro Power Project

‘Run of river’ hydroelectric project, supplying electricity to surrounding rural villages and the national grid.

Investment information

$2,505,000
Committed investment
$405,000
Investment made
Inputs
Primary value chain focus
Committed investment
Investment made
Primary value chain focus

Expected impact

12,000

Rural households
connected to sustainable electricity

Rural households
connected to sustainable electricity

Our role

AgDevCo’s investment is financing the development of the 1 MW Suma Hydro ‘run of river’ hydroelectric project. The project supplies electricity to a number of surrounding rural villages currently 'off-grid’ and, through supply into the national grid via TANESCO, guarantees power to tea and other businesses on the network. Overall it is expected the project will benefit over 6,000 individuals directly and up to 12,000 individuals indirectly through the provision of reliable power.

Our investments in Tanzania

Investment Total invested Investment type Start date
East Africa Fruits Farm & Company Limited $400,000 Debt / Equity 2015
Equity For Tanzania Limited (EFTA) $5,000,000 Debt / Equity 2015
Kilombero Plantations Limited (KPL) $9,370,000 Debt / Equity 2014
Kingchick Poultry $255,000 Debt / Equity 2017
Lungu Limited $320,000 Debt / Equity 2013
Ndoto Farms Limited $90,000 Debt / Equity 2013
Rungwe Avocado Company (RAC) $2,130,000 Debt / Equity & Technical assistance 2014
Sasumua Holdings Limited $2,340,000 Debt / Equity 2012
Suma Hydro Power Project $2,505,000 Debt / Equity 2016
Wakulima Tea Company (WTC) - Technical assistance 2016