Expected to be completed in June 2024, the Construction started in 2019 currently at 70%, the Dam will highly improve power supply and significantly lower the Prices of Electricity in the Region,
Financed by the Government of Tanzania, the Dam is being constructed by Egyptian construction firm , Arab contractors at the cost of $3.1b . After it’s completion, Julius Nyerere HEP Dam will be one of the largest dams in the continent.
Increasing generation doesn’t bring down electricity cost, it is increasing consumption that can do that. If the consumption is at 1000 MW, and then you bring some new 5000MW, those consumers will have to pay for this new elec because once it is generated it has to be paid for. It is a delicate balance, it is not like water that u can just produce and store. The only source that would make sense to go big, and that would reduce the cost to the consumer is nuclear.
Consumers only pay for what they use, not what is produced, if you produce 2000Mw and then you use 1500Mw, what will be paid is only those 1500Mw, not 2000Mw. And also, when you increase the production of electricity in a cheap way, even the cost of buying electricity will decrease
That 500Mw will be for reserve… you cant generate something that you dont consume, you have to reduce the production especially to those plants that using fossil fuel like coal,diesel , natural gas and others…
But for that using renewable energy like wind, water there is no issue for loss cause that are for free
Production inaenda juu ni kutokana na price ya hizo fossil fuels especially diesel ku change mara kwa mara japo consumption remained the same but si kwamba you pay for what you dont consume