Mozambique: Chinese seek foothold in southern African power market

Issue 326 - 24 Jun 2016 | 4 minute read

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.

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