HCG Gas Ltd, an investment company based in India, has shown interest to invest in Tanzania’s City Gas Distribution and CNG project.The company’s representative, Ms. Rekha Sharma, visited the country and on Thursday this week held a meeting with Tanzania Petroleum Development Corporation (TPDC)’s Investment Manager, Mr. Godbless Robiam, in Dar es Salaam.
The purpose of the meeting was to explore investment opportunities in distribution of gas to households under the City Gas Distribution project and Compressed Natural Gas (CNG) for vehicles in Tanzania.
During the meeting, HCG Gas Ltd submitted an initial and unofficial Expression of Interest (EOI) to TPDC outlining their proposed approach to implementing the project. TPDC will review the submission and, where appropriate, provide further guidance for continued engagement.
Ms. Sharma’s visit to Tanzania is part of the follow-up to the initial discussions held during the study tour conducted in India in October 2024 by a delegation comprised of top officials from TPDC and the Public-Private Partnership (PPP) Centre.
During the study tour, preliminary engagements were conducted with the company, and it was agreed that upon return to Tanzania, the PPP Centre and TPDC would provide additional information to facilitate further discussions and investment in City Gas Distribution and CNG projects in the country. HCG Gas Ltd also indicated that they would send a representative to Tanzania for on-ground consultations.
The visit by Ms. Sharma reflects a continuation of the engagements initiated in India. The earlier study tour was financially supported by the Public-Private Partnership (PPP) Centre, which was represented by Mr. Emmanuel Masawe and Eng. Mohamed Fakihi, who were tasked with acquiring skills and knowledge on gas distribution, identifying and engaging potential investors interested in undertaking city gas distribution projects under PPP arrangements in Tanzania.
It is expected that these ongoing discussions will lead to the development of a PPP-based City Gas Distribution Project, in which HCG Gas Ltd would partner with TPDC to develop gas distribution networks from anchor gas projects to households, alongside establishing CNG infrastructure for vehicle use.
