Gigawatt Moçambique has completed construction of the new Ressano Garcia natural gas-fired power plant, on the border with South Africa, the company said in a statement issued recently.
The managing director of the company, Johan de Vos, is quoted in the statement saying that the power plant was built in 18 months, on time, under the US$200 million budget and without any major accidents.
The funding required for construction of the plant, to be converted into capital, was obtained from a number of shareholders from Mozambique and companies Gigajoule Power, Old Mutual Life Assurance Company (South Africa) and WBHO Construction, also of South Africa, according to financial advisory firm Eaglestone.
Construction of the plant was awarded to South African companies WBHO Construction and PB Power, and the main subcontractor was Spain’s TSK.
The power plant has a 120-megawatt production capacity, accounting for 24 percent of the energy needs of southern Mozambique, which will be sold to state-owned power company Electricidade de Moçambique (EdM), which may sell it in Mozambique or to the Southern African Power Pool. (macauhub/MZ)