Friday, February 24, 2017

Temane–Maputo power line close to becoming reality

Imagem relacionadaGiven that the technical, economic and environmental studies of the projects have been completed, strategic partners such as EDM, HCB, SASOL, ENH, INP and financial institutions led by the World Bank and the African Development Bank will meet in Maputo today and tomorrow to discuss aspects related to the structuring of the project to produce electricity from natural gas in Temane, Inhambane province, known as the Temane 400 MW Project, and the associated high voltage power transmission line.In January 2016, the government of Mozambique allocated natural gas for the development of the Temane thermal power station project. The meeting will discuss the development of the initiative, evaluate possible financing, analyze the final design of the project, note risk areas for possible mitigation strategies and define an action plan for the structuring until funding is closed.Sitting at the table will be the key players in the development of the initiative: Electricidade de Moçambique, Cahora Bassa Hydroelectric, the National Hydrocarbons Company, Sasol, the National Petroleum Institute and representatives of the World Bank, African Development Bank, Norway, the German bank KFW, and French agencies AFD and Japan’s JICA.According to the agenda, the meeting will be opened by the Minister of Mineral Resources and Energy, Dr. Leticia Klemens, while the Chairman of the Board of EDM, Dr. Mateus Magala, will chair it.The 400 MW project will play a decisive role in the security of electricity supply in the country and the consolidation of exports in the region.

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