0
 

Mozambique: Chinese seek foothold in southern African power market


Issue 326 - 24 Jun 2016
An agreement for Shanghai Electric Power (SEP) to take 60% in the Ncondezi coal power scheme will give the Chinese utility a regional foothold in the southern African electricity market, according to Ncondezi Energy chief executive Hanno Pengilly.Pengilly told African Energy in an interview that while the first phase of the integrated coal mine and power scheme in Tete province would develop a 300MW plant, the project had the potential to expand to 1,800MW. SEP will provide 100% of the debt financing, and financial close is planned for mid-2017.

Want to read more?

Large article

£17

(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register