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Norway | African Development Bank Group - Making a Difference

Norway | African Development Bank Group - Making a Difference
afdb.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afdb.org Daily Mail and Mail on Sunday newspapers.

Norway , Zimbabwe , Norwegian , Innovation-trust-fund , Zimbabwe-trust-fund , Bank-jobs-for-youth , Governance-trust-fund , Fund-on-value-for-money-sustainability , Bank-group , Norwegian-ministry-of-foreign-affairs , Africa-water-facility-fund

Funding Approvals and EPC Selection Moves Mozambique's Temane Power Project Forward

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.

Norway , Temane , Inhambane , Mozambique , Spain , London , City-of , United-kingdom , Spanish , Norwegian , Mike-scholey , Edward-burrier