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


Our partners

MGC
Rolls Royce
TOTAL Moçambique
WBHO
Standard Bank
Old Mutual
EDM