Scatec Solar, KLP Norfund Investments and Electricidade de Mozambique (EDM) have announced the close of debt financing for the project and that construction has commenced

Scatec Solar, KLP Norfund Investments and Electricidade de Mozambique (EDM) have announced the close of debt financing for the project and that construction has commenced. The estimated project cost of US$76 million is being funded through US$14 million equity, a grant of US$7million and project debt of US$55 million, provided by provided by the International Finance Corporation (IFC) and the Emerging Africa Infrastructure Fund