Scatec/EDM/KLP – Mocuba Solar Power Plant 40.5 MW – Zambezia - Project Profile
"Scatec/EDM/KLP – Mocuba Solar Power Plant 40.5 MW – Zambezia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
The "Scatec/EDM/KLP – Mocuba Solar Power Plant 40.5 MW – Zambezia - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.
KLP Norfund Investments AS, Scatec Solar and Electricidade de Moçambique (EdM) are planning to construct a 40.5MW solar power plant in Mocuba, Zambezia, Mozambique.
The project involves the construction of a solar power plant, substations, switch rooms, access roads, and the installation of the required infrastructure.
In October 2016, A shareholder agreement was signed between KLP Norfund Investments AS, Scatec Solar, and EDM.
On the total investment Scatec Solar holds 52.5% share, KLP Norfund Investments holds 22.5% and EDM holds 25% share.
The power generated from the plant will be sold to EdM, the state-owned public electric utility, as part of a 25-year power purchase agreement.
The project will also receive a US$7 million Viability Gap Funding grant from the Technical Assistance Fund of the Private Infrastructure Development Group.
In June 2017, IFC provided US$55 million loan comprising US$19 million from International Finance Corporation own account, US$19 million from Climate Investment Funds, and a syndicated loan of US$17 million.
The rest of the funds for the project are being mobilized from Emerging Africa Infrastructure Fund.
The project involves the construction of a 40.5MW solar power plant in Mocuba, Zambezia, Mozambique.
The US$84 million project includes the following:
1. Construction of solar power plant
2. Construction of substations
3. Construction of switch rooms
4. Construction of access roads
5. Installation of the required infrastructure
Reasons To Buy
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook