The Mozambican government on Tuesday in Maputo approved the terms and conditions of a 30-year concession to the Beluluane Gas Company, SA for the Beluluane Thermoelectric project with a total installed capacity of up to 2,000 MW.
The Beluluane Gas Company will also build a gas pipeline system between the port of Matola and the Beluluane Thermoelectric Power Station in Maputo province, and will be responsible for the production and sale of electricity in Mozambique and abroad.
The plant, which will be built over five years, requires an investment of US$2.8 billion.
Mozambican government spokeswoman Ana Comoana said the project will allow Mozambique to produce 8,000 MW of power by 2043 and become a regional hub for energy production and supply.
“The project, which will create 1,700 jobs in the construction phase and 1,050 in the operational phase, also aims to supply the national market at preferential prices, with discounts ranging from five to 20 percent,” said the government spokeswoman.
The concession holder will have exclusive rights for financing, construction, operation, exploration, maintenance and expansion of infrastructure for importing, receiving, storage, treatment, and export of Liquefied Natural Gas (LNG). (Macauhub)