Wamola Mwangwa
Mbeya,Tanzania (KEN)
Role(s):
Founder/Owner/Principal
GERMARK HOLDINGS LIMITED
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Startup
Location:
Mbeya City,Tanzania
Industry:
Energy
Year Founded:
2013
Number Employees:
10-50 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
PROJECT SUMMARY
AMOUNT OF INVESTMENT REQUIRED: $ 3,500,000
Business Description:
Germark Holdings Limited is a company dealing with renewable solutions in Tanzania. Our company for sometime after its registration has been dealing with sales of electrical materials for transmission lines before engage itself in development of renewable energy solutions in forms of Solar, Wind and Hydroelectricity.
GERMARK HOLDINGS LIMITED has enter into discussion with a developer called AHADI COMMUNITY INITIATIVE COMPANY for purchase of the IBAGA MINIHYDRO ELECTRIC POWER PLANT located along Ibaga River for the purchase of the site at value of $ 300,000 from the developer from the total investment cost $ 3,500,(URL removed) remaining portion of $ 3,200,000 will be used to develop the site and meet the cost for installation to about 986 user and also the state utility company.
The project received the go ahead from the government as it has the Environment Impact Assessment,Feasibility Study,Water Right and also the business plan has been developed with the payback period within five (URL removed) project have the capacity of generating 1 MW.
The developer has agreed to sell the undeveloped project has he has no sufficient capital for investment.
Kindly advice if you can finance our project.
Regards,
Wamola Mwangwa
Tanzania.