IFC-led consortium refinance 175 MW gas-fired power plant in Mozambique
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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June 12, 2017
IFC supports Mozambique’s solar park
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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February 15, 2017
Mozambique awards three gas to power projects
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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February 01, 2017
Inspired Evolution exits renewable investments and is on track to raise $250m Evolution II
Inspired Evolution, has successfully exited a number of its renewable energy investments held in its Evolution One Fund portfolio.
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November 02, 2016
Scatec Solar signs PPA for Mozambique's first large scale solar plant
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). Read more -
January 27, 2016
IFC considers financing solar project in Mozambique
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. Read more
