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.
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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.