- Rosetta for Energy Solutions (Rosetta), a subsidiary of TAQA Arabia specializing in investment, development, and operation of LNG value chains, announced the signing of a Memorandum of Understanding (MoU) with Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, specialized in developing, managing, and operating state-of-the-art industrial cities.
- Rosetta is set to supply natural gas to (El Sewedy Industrial City – EIC) in Tanzania via a first-of-its-kind innovative LNG Virtual Pipeline. This agreement will significantly bolster the energy infrastructure of EIC, the first and fully integrated industrial hub in Africa.
Earlier this month, Rosetta for Energy Solutions, in collaboration with its partners Tanzania Petroleum Development Company (TPDC) and Africa50, signed a joint venture agreement Heads of Terms with the Tanzanian government to invest, develop, and operate Tanzania’s first LNG Virtual Pipeline. Through this ambitious project, the partners plan to develop and invest in a small-scale liquefaction facility in Dar Es Salaam with LNG trucked using specialized containers to the EIC facility 100 KM away. LNG will then be regasified and made available for the industrial city clients to use for direct energy processes or electricity. Together this value chain forms what is known as the “LNG virtual pipeline” replacing traditional fixed infrastructure pipelines with a more flexible and cost-effective approach.
Elsewedy Industrial City strives to attract investments surpassing USD 400 million from investors throughout the region. This ambitious endeavor aims to generate more than 50,000 employment opportunities, thereby offering substantial support to the country’s industrial growth and manufacturing strategy for 2025. The park includes Elsewedy Technical Academy – STA, which aims to equip the Tanzanian workforce with skills in line with international standards, supporting the evolving global market needs in the face of the new industrial revolution. Elsewedy Industrial Development also has a robust track record in developing industrial cities in Egypt, with several projects in the 6th of October, Sokhna, 10th of Ramadan, and Sadat cities.
Author: Bryan Groenendaal
