US-based energy company Symbion Power has entered into an agreement to acquire a 120MW power plant in Tanzania.

According to the company, the thermal power plant, currently lying idle, is able to produce power at short notice.

Symbion has joined forces with US based ProEnergy Services, which will act as the company’s technical services partner.

Symbion said it has extensive electrification contracts in Tanzania, which are funded by the US government through the Millennium Challenge Corporation, as well as the Tanzanian Rural Electrification Agency and Tanzania Electric Supply Co.

The 120MW power plant to be purchased by the company was previously owned by Dowans Tanzania.

Symbion specializes in developing turnkey electric power infrastructure systems, including transmission lines, substations and switchyards and thermal power plants.