The Mocuba solar power plant in Mozambique has started commercial operation following its connection to the national power grid, Norwegian company Scatec Solar said in a statement in Oslo.
The plant, with a capacity of 40 megawatts, is located on the outskirts of the city of Mocuba in Zambázia province and will provide 79-gigawatt hours of electricity to 175,000 homes in northern Mozambique.
The partners of this venture are KLP Norfund Investments (22.5%), Electricidade de Moçambique (25%) and Scatec Solar (52.5%). The 25-year purchase agreement was signed with the state-owned company in October 2016.
The start-up of this power plant now means that on four continents Scatec Solar has an installed capacity of 951 megawatts and is involved in the construction of more plants with a total of 953 megawatts.
This project cost US$76 million through a US$14 million equity investment, a US$7.0 million donation and US$55 million in loans. (Macauhub)