Banking group Standard Bank has confirmed the provision of $170-million in debt financing to support the construction of a 118 MW gas-fired power plant being developed by Gigawatt inRessano Garcia, Mozambique.
Gigawatt, which is a Mozambican company, has signed a long-term power purchase agreement with State-owned power utility Electricidade de Moçambique (EDM).
EDM plans to use all the power generated domestically so as to lessen the country’s dependence on imports from South Africa.
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Gigawatt, which is a Mozambican company, has signed a long-term power purchase agreement with State-owned power utility Electricidade de Moçambique (EDM).
EDM plans to use all the power generated domestically so as to lessen the country’s dependence on imports from South Africa.
Read more......
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