Page 12 - AfrElec Week 49 2021
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AfrElec GAS GENERATION AfrElec
Mozambique 450-MW gas-fired power
plant secures $652mn in funds
MOZAMBIQUE FUNDING has been completed for Mozam- Further, CTT also anchors a new 563-km
bique’s 450-MW CCT gas-fired power plant, high-voltage transmission line, the Temane
which will supply power to state-owned Electri- Transmission Project (TTP), and secures the first
cidade de Moçambique (EDM) under a 25-year phase of the interconnection of Mozambique’s
tolling agreement. southern grid to the country’s central and north-
The $652.3mn Central Termica de Temane ern grids.
(CTT) project in Inhambane Province will start The broader project, including gas develop-
producing power in 2024, EDM said in a joint ment and regional grids, will attract more than
statement on December 8 with its partners Glo- $2bn of investment. The International Finance
beleq and Sasol. Corporation (IFC), the US International Devel-
The Temane project will support Mozam- opment Finance Corporation (DFC) and the
bique’s transition to net zero by 2050 and com- OPEC Fund for International Development are
plement clean-energy generation, according to involved in the funding.
the partners. “This pioneering project has the potential to
“The project is aligned with the Paris Agree- deliver significant economic and social benefits
ment and will support Mozambique’s longer- by helping meet Mozambique’s growing demand
term sustainable energy transition to net zero by for power, support the country’s economic
2050,” the companies said. recovery and the region’s energy transition,” said
“CTT’s flexible technical and commercial Linda Munyengeterwa, the IFC’s regional indus-
configuration allows for a variable supply of try director for infrastructure, Middle East and
baseload and dispatchable power and will deliver Africa, according to the joint statement.
complementary power so that Mozambique can The Multilateral Investment Guarantee
maximise renewable energy generation projects Agency (MIGA) has provided up to $251.3mn
on its grid and pursue lower-carbon energy in political risk insurance to the private-sector
development.” equity investors.
South Korea investing $12.4mn in
solar mini-grids in Nigeria
NIGERIA SOUTH Korea’s ambassador to Nigeria has to ensure a stable supply of power, installation
announced a $12.4mn investment, in the form of of transmission and distribution lines, supply of
a grant, in construction of solar mini-grids in the electric equipment and systems and training for
West African country, in collaboration with the the operation and maintenance of mini-grids.”
Korea Institute for Advancement of Technology The ambassador added that the solar pro-
(KIAT) and other entities. ject began as a framework agreement signed by
“The project to be implemented by KIAT South Korea and Nigeria, and laid the founda-
was designed to meet rising energy demands tion for technological support and related pol-
of rural communities, by constructing solar icies, citing the Nigerian Electrification Project
power generation systems, in cooperation with (NEP) supported by the World Bank.
the Nigerian government,” Ambassador Kim KIAT is working with Nigeria’s Ministry of
Young-Chae said in a statement, as quoted by Trade and Energy, ILJIN Electrical, S/D Pow-
the News Agency of Nigeria (NAN) on Monday ernics and the Korea Polytechnic University,
(December 6). according to NAN.
“It involves the construction of mini-grids in
non-electrified rural communities near Abuja,
P12 www. NEWSBASE .com Week 49 09•December•2021
