Name of the Project
Solar power plant.
Location
The project is located close to the city of Mocuba, in the Zambézia province of Mozambique.
Client
Scatec Solar, KLP Norfund Investments and Electricidade de Mozambique (EDM).
Project Description
The project is the first large-scale solar plant to be built in Mozambique and represents an important step in realising the country’s ambition to increase renewable power generation into its energy mix.
The 40 MW power plant is expected to deliver 79 000 MWh/y of much-needed electricity to the northern regions of Mozambique.
The plant will deliver power to the national grid and produce enough energy to serve about
175 000 households.
Potential Job Creation
Not stated.
Value
The project costs are estimated at $76-million, funded through equity of $14-million, a grant of $7-million and project debt of $55-million.
Equity partners are Scatec Solar (52.5%), KLP Norfund Investments (22.5%) and EDM (25%).
The project debt financing is provided by the International Finance Corporation and the Emerging Africa Infrastructure Fund.
Duration
Not stated.
Latest Developments
Scatec Solar will deliver engineering, procurement and construction (EPC) services, as well as operation and maintenance (O&M) and asset management services to the power plant.
Key Contracts and Suppliers
Scatec Solar (EPC, O&M and asset management services).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Scatec Solar CEO Raymond Carlsen, tel +47454 11 280 or email raymond.carlsen@scatecsolar.com.