Energy & Science
Gas-Fired Mozambique Power Plant Secures $652 Million Funds
- Globeleq, Electricidade de Moçambique and Sasol are partners
- Investment for broader project estimated at over $2 billion
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Funding has been completed for Mozambique’s $652 million Central Termica de Temane power station, a gas-fired plant intended to take one of the world’s poorest nations through the green-energy transition.
The 450-megawatt project in Inhambane Province will start producing power in 2024, Globeleq Inc. said in a joint statement on the financial close with its partners, state-owned Electricidade de Moçambique and Sasol Ltd. The broader project, including gas development and regional grids, will draw more than $2 billion of investment, the companies said.