IFLR1000

Maamba 300MW coal power plant

24/7/2015
Project development, Project finance
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$ 590 million

Completed

24/7/2015

Overview:

  • Maamba 300MW coal power plant.
  • Maamba Collieries and strategic partner Nava Bharat are developing a new mine-mouth power plant and 50km transmission line at a site in Zambia's southern province.
  • SEPCO is the EPC contractor. 
  • The project can be potentially expanded to 600-900MW in future.
  • The financing package includes one export credit facility and two DFI (Development Finance Institution) facilities. 
  • Barclays Africa, Standard Chartered Bank, and Bank of China acted as ECA lenders.
  • Industrial Development Corporation and Development Bank of Southern Africa (DBSA) acted as DFI Lenders.

Rani Mehta - Journalist 

Jurisdiction:

Zambia

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Energy

Firms:
Clifford Chance

Party: Standard Chartered Bank (Lender)

Party: Barclays (Lender)

Party: ICBC (Lender)

Party: Development Bank of Southern Africa (DBSA) (Lender)

Party: Industrial Development Corporation (Lender)

Lawyer: Delphine Siino Courtin

Clifford Chance

Party: Standard Chartered Bank (Lender)

Lewis Nathan

Party: Standard Chartered Bank (Lender)

Lawyer: Lewis Mosho

Musa Dudhia & Co

Party: Standard Chartered Bank (Lender)

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