Construction work on Mozambique’s first solar power plant starts in May, media
Post date: 07/02/2019 - 18:58
Construction of Mozambique’s first solar power plant is expected to start in May, with the 40 MW facility operational by early 2019, according to Mocambican news portal »Club of Mozambique«. The solar panel array will cover a 126-hectare site in Mocuba, central Zambezia province, and is the result of a partnership between Scatec Solar ASA (52.5 percent), the Norwegian state investment fund Norfund (22.5 percent) and state owned utility Mozambique Electricity EDM (25 percent). The project will supply 85 percent of the region’s annual energy needs, says the article.
As reported, in March 2018 Scatec Solar, KLP Norfund Investments and EDM have closed debt financing and initiated construction. The project debt financing is provided by the International Finance Corporation (IFC), a member of the World Bank Group, and the Emerging Africa Infrastructure Fund. The partners signed a Power Purchase Agreement (PPA) for the solar plant in October 2016. The PPA secures the sale of power from the plant over a 25-year period to EDM. The power output is expected to be around 79,000 MWh per year. 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.