Project Description

The Project entails the development, design, construction, financing and operations of a 100MW gas fired power station near Ressano Garcia in Mozambique.
The Total Project Costs is estimated at circa USD 235 Million. The Project will be financed on a non-recourse project finance basis, with approximately 70% of the Project funded through senior debt. The Project Sponsors and other interested parties will be subscribing for all the equity in the Project. The Project revenue will be secured by a long-term PPA with a Utility or a major industrial user within the Southern African grid. Gas supplied for the Project is secured through a 20 year GSA with MGC, underpinned by a 20 year GSA between Sasol and MGC.
Project Status
  • Concession awarded for 100 MW
  • Gas supply agreement (GSA) concluded with the MGC
  • 30 ha Land allocated
  • Environmental license obtained
  • Purchase agreement (PPA) concluded with the EDM
  • Owners engineer, design complete
  • EPC proposals received
  • Funding agreements
  • Financial model confirmed
  • Financial close achieved
  • Signed EPC contract (WBHO consortium PBWorld and TSK)
  • Started construction in July 2014)
  • Signed operation and maintenance contract with the TSK and EEN consortium
  • Conclusion earthworks
  • Plant infrastructure constructed
  • Arrival and installation of engines
  • Inauguration of Power plant in 19 of February of 2016
facilities
Implementation Phases
Phase 1 Phase 2
100 MW Gas engines
1st power 18 month
250 MW CCGT
1st power 36 month
48 month to complete