Rolls-Royce to Sell Energy Solutions in Tanzania Through Partnership With Local Group

Dow Jones09-10
 

By Cristina Gallardo

 

Rolls-Royce teamed up with Karimjee Group, which owns the energy company Sterling Generators, to sell power solutions in Tanzania.

The London-listed aerospace and defense company, which also manufactures power systems for aviation and other industries, said Tuesday that it would deliver power solutions under its MTU brand, using Karimjee Group's market presence and distribution network.

Rolls-Royce's MTU brand includes diesel and gas systems and battery containers, which it says will suit the energy demands of the Eastern African country.

"Our collaboration with Karimjee is a significant milestone in our efforts to expand our presence in Africa," said Cobus van Schalkwyk, managing director at Rolls-Royce Solutions Africa, which is headquartered in Cape Town. "Together, we will provide Tanzanian industries with the energy solutions they need to thrive in an increasingly competitive global market."

The U.K. manufacturer is expanding its foothold in East Africa because it has identified an opportunity in its increasing demand for engines running on sustainable fuels to generate electricity and power locomotives and ships.

 

Write to Cristina Gallardo at cristina.gallardo@wsj.com

 

(END) Dow Jones Newswires

September 10, 2024 02:51 ET (06:51 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment