Symbion Power buys 120 MW power plant

Alongside current options for the equipment internationally, Symbion intends to submit a bid proposal to Tanzania Electric Supply Co.

Dar Es Salaam, Tanzania, May 20, 2011 Washington-based power company Symbion Power has confirmed that they have signed an agreement to acquire a 120 MW power plant in Tanzania.

Alongside current options for the equipment internationally, Symbion intends to submit a bid proposal to Tanzania Electric Supply Co. The plant has recently been tested by independent engineers and has been confirmed to be in excellent running order and able to produce power at short notice.

Symbion has joined forces with ProEnergy Services, a U.S. based multi-national integrated service provider to the energy sector, who operate and maintain power plants on a global basis. ProEnergy Services has extensive aero-derivative gas turbine operation and maintenance experience, and will act as Symbion's Technical Services Partner.

In Tanzania, Symbion Power already has extensive electrification contracts that are funded by the U.S. Government through the Millennium Challenge Corporation, as well as the Tanzanian Rural Electrification Agency and TANESCO. Symbion's work encompasses the construction of 3,000 kilometers of overhead power lines and 26 substations across 8 regions in Tanzania and Zanzibar.

Symbion Power is an American company that specializes in developing complex turnkey electric power infrastructure systems, including transmission lines, substations and switchyards and thermal power plants, in regions of the world where conflict and instability are major impediments to progress.

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