Page 7 - AfrOil Week 45 2021

AfrOil INVESTMENT AfrOil

The new TPP will have a generating capacity of 250 MW (Photo: GL Africa Energy)

GL Africa Energy set to build

LNG-fueled TPP in Mozambique

MOZAMBIQUE GL Africa Energy has signed an agreement with In the first $90mn phase of the Mozambique
Mozambique to finance, build and operate an project, 50 MW of capacity should come online
LNG-fueled thermal power plant (TPP) with a within 16 months, and the remaining 200 MW
generating capacity of in the country’s northern is to follow within 24 months. A special-pur-
Nacala district. pose vehicle and GL Africa Energy subsidiary,
The $400mn project, due for completion by GL Energy Mocambique, will build and operate
2023, is one of the largest energy infrastructure the plant upon its completion.
projects seen in Mozambique in the past dec- GL Africa Energy indicated in a statement
ade. It also represents GL Africa Energy’s largest that the domestically sourced LNG would come
investment in a power plant to date. from the Rovuma basin, which lies offshore
GL Africa Energy, a subsidiary of the Nairo- Mozambique.
bi-based Janus Continental Group, has existing The basin is home to three separate LNG
operations in eight countries across the Great developments led by TotalEnergies (France),
Lakes and Southern Africa regions. Its ambi- ExxonMobil (US) and Eni (Italy), but the com-
tion is to establish new 1,000 MW in generating pany did not say which project would supply the
capacity across the continent by 2025. fuel for the new TPP. ™

PERFORMANCE
NNPC seeks to reassure public about

gasoline supplies, prices

NIGERIA NIGERIAN National Petroleum Corp. (NNPC) was quoted as saying that Nigeria had more
has tried to assuage consumers’ concerns about than 1.7bn litres of gasoline in domestic storage
potential gasoline shortages, saying in a state- facilities. These volumes are sufficient to meet
ment that the country had adequate supplies. immediate demand, and the country is sched-
In the statement, which was dated Novem- uled to receive additional import cargoes within
ber 8, NNPC spokesman Garba Muhammad the next few months, he reported.

Week 45 10•November•2021 www. NEWSBASE .com P7