Located at Temane in Inhambane Province, Mozambique, the Central Termica de Temane (CTT) will be a 450MW gas-fired power plant supplying low cost, reliable power to EDM through a 25-year tolling agreement. The initiative is making significant progress after a substantial portion of the debt funding requirements were secured for the power project.

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. Mike Scholey, CEO of Globeleq, said: “The Temane initiative is an absolute regional game-changer. It will ensure a reliable and affordable power supply – crucial elements for economic and social development. CTT will provide electricity access to millions of people in the region.”

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.  CTT will receive funding of up to $200 million from the US International Development Finance Corporation (DFC) and up to $50 million from the OPEC Fund for International Development (OPEC Fund) once execution of the loan agreements and other closing conditions have been finalised.

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Source: EsiAfrica