The gas-fired power plant that Gigawatt Mozambique plans to build in Mozambique is due to be finished at the end of the 2013, the chairman of the company said Wednesday in Maputo.
The plant, which is expected to cost US$230 million will be located in Ressano Garcia, on the border between Mozambique and South Africa, and provide electricity to Mozambique’s national power grid, which is managed by state electricity company Electricidade de Moçambique (EdM).
Cited by financial news agency Reuters, the chairman of Gigawatt Mozambique, Castigo Langa, said that, although the sale of power to EdM was ensured, the company was waiting to attract other customers, particularly from the industrial sector, which can pay higher tariffs and “ensure the sustainability of the project in the long term.”
“We are currently negotiating a sale contract and as soon as we sign it we can gather funds to build the plant, which will initially have a capacity of 100 megawatts that we will double in a second phase,” said Langa on the sidelines of an international meeting on mining resources and energy.
US group Anadarko Petroleum and Italy’s ENI recently announced that natural gas reserves discovered so far in the Rovuma basin, northern Mozambique, total 70 trillion cubic feet. (macauhub)