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Energy Finance & Investment News in Mozambique

IPPToday #219: MoU signed for US$400 million gas-fired power project in Mozambique

IPPToday #219: MoU signed for US$400 million gas-fired power project in Mozambique

🕔May 25, 2018

Great Lakes Africa Energy (GLAE) has signed a Memorandum of Understanding (MoU) with the Government of Mozambique to construct a 250 MW gas-fired power plant in the country at an estimated value of US$400 million.

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IFC-led consortium refinance 175 MW gas-fired power plant in Mozambique

IFC-led consortium refinance 175 MW gas-fired power plant in Mozambique

🕔Jan 24, 2018

Sasol Limited and Electricidade de Moçambique (EDM) have successfully refinanced the Central Térmica de Ressano Garcia S.A. (CTRG) joint venture project, a 175 MW gas-fired power plant in Mozambique. EDM holds a 51% stake in the project, with Sasol holding the remaining 49%.

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IFC supports Mozambique’s solar park

IFC supports Mozambique’s solar park

🕔Jun 12, 2017

IFC, a member of the World Bank Group has announced a landmark financing package of US$55 million to build Mozambique’s first utility scale solar PV plant, which will help increase electricity sector climate resilience and deliver power to rural areas. It includes US$19 million from IFC’s own account, US$19 million from Climate Investment Funds, and a syndicated loan of up to US$17 million

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Mozambique awards three gas to power projects

Mozambique awards three gas to power projects

🕔Feb 15, 2017

The National Petroleum Institute (NPI) has announced that the government of Mozambique, which has vast offshore gas resources, has awarded gas development projects in the Rovuma gas basin to Norway's Yara International, Shell Mozambique and GL Energy Africa.

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Inspired Evolution exits renewable investments and is on track to raise $250m Evolution II

Inspired Evolution exits renewable investments and is on track to raise $250m Evolution II

🕔Feb 1, 2017

Inspired Evolution, has successfully exited a number of its renewable energy investments held in its Evolution One Fund portfolio.

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Scatec Solar signs PPA for Mozambique's first large scale solar plant

Scatec Solar signs PPA for Mozambique's first large scale solar plant

🕔Nov 2, 2016

Scatec Solar and Norfund has signed a Power Purchase Agreement securing  the sale of solar power over a 25 year period to the state owned utility Electricidade de Mozambique (EDM).

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IFC considers financing solar project in Mozambique

IFC considers financing solar project in Mozambique

🕔Jan 27, 2016

The International Finance Corporation (IFC), a member of the World Bank, has disclosed on its website that is considering financing a 40.5 MW solar PV in Mozambique. 

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Norton Rose Fulbright is appointed international legal counsel on South African interconnector project

Norton Rose Fulbright is appointed international legal counsel on South African interconnector project

🕔May 29, 2015

Norton Rose Fulbright, is advising the Southern African Power Pool (SAPP) on the development of the regional interconnector transmission line between Mozambique, Zimbabwe and South Africa (MoZiSA).

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EPC Contractor selected for Onshore LNG Park in Mozambique

EPC Contractor selected for Onshore LNG Park in Mozambique

🕔May 27, 2015

Mitsui & Co., Ltd. and its joint venture partners in Mozambique's Rovuma Offshore Area 1 Block have selected the Engineering, Procurement and Construction (EPC) contractor for the initial development of the onshore LNG park.

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Ncondezi Signs MoU with strategic investor for Mozambique 300 MW power deal

Ncondezi Signs MoU with strategic investor for Mozambique 300 MW power deal

🕔Oct 28, 2014

Ncondezi Energy Limited has signed a non-binding Memorandum of Understanding (MoU) with Shanghai Electric Power Company Limited (SEP) to progress and agree a transaction where SEP could potentially become the controlling shareholder in the 300 MW coal fired power plant, the Ncondezi Power Project, located near Tete in northern Mozambique.

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Mozambique offers oil & gas licenses

Mozambique offers oil & gas licenses

🕔Oct 27, 2014

Mozambique, through its regulatory agency, the Institute of National Petroleum (INP), has issued a competitive tender process for 15 oil & gas exploration licenses.

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