Mozambique’s CTT chooses builder, signs up finance
Debt funding has been secured, and Spain’s TSK been appointed to design and construct, the Central Termica de Temane (CTT) power project in Mozambique.
Sasol in Mozambique
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Debt funding has been secured, and Spain’s TSK been appointed to design and construct, the Central Termica de Temane (CTT) power project in Mozambique.
Globeleq reported that the US International Development Finance Corp. (DFC) would provide up to $200 million for CTT. The OPEC Fund for International Development will provide up to $50mn. The International Finance Corp. (IFC) will meet the balance of the required debt financing.
Funding Approvals and EPC Selection Moves Mozambique s Temane Power Project Forward
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LONDON, Dec. 10, 2020 /PRNewswire/ The Temane regional energy initiative (the Temane initiative) is making significant progress
, after a substantial portion of the debt funding requirements have been secured for the Central Termica de Temane (CTT) power project in Mozambique. The funding approvals are another major milestone for the Temane initiative, an energy project initiated by Electricidade de Moçambique (EDM) to ensure Mozambique s energy security.
Located at Temane in Inhambane Province, CTT will be a 450 MW gas-fired power plant supplying low cost, reliable power to EDM through a 25-year tolling agreement. Gas supply will come from the PSA concession at the Pande-Temane Inhassoro fields operated by Sasol Petroleum Mozambique Limitada. Globeleq is the lead developer along with its partners EDM, Sasol Africa Limited and eleQtra