Maputo, Mozambique, 13 Oct – The Mozambican National Energy Fund (Funae) plans to launch a public tender to hire an Indian company to build a solar panel factory, a source from the Energy Ministry told Macauhub in Maputo.
The selected company must be Indian as the funding for construction of the factory of US$13 million was provided by India’s Export Import Bank (ExIm).
As well as being Indian the company that will build the factory has to have minimum net assets of US$30 million and annual turnover of US$100 million over the last three years.
Candidate companies should also have US$100 million available in bank loans and experience of five years in the sector, in Africa.
The factory, which will be built in Belulane, in Boane district, will produce photovoltaic units with a 5 megawatt capacity each to manufacture solar panels that will provide electricity in the most remote parts of the country.
At the ceremony to sign the funding contract the president of the National Energy Fund (Funae), Miquelina Menezes said that this would be the first factory of its kind in Mozambique and added that there were proposals for construction of similar facilities put forward by China and Portugal. (macauhub)