Moatize 300MW coal power plant

Overview:

• Moatize 300MW coal power plant.
• ACWA Power is developing a 300MW coal fired power project in Tete province in Mozambique.
• The 25 year concession from the Mozambique government is for the development of a 600MW project, the current 300MW project is the first phase.
• Vale, a Brazilian mining company, and Mitsui are also acting as sponsors. Electricity de Mozambique (EDM) and Whatana Investment Group are minority shareholders in the project.
• 250MW of the power output will go toward powering the Moatize coal mine.
• GS Engineering & Construction is acting as EPC contractor.
• Legacy firm Chadbourne & Parke (Agnieszka Klich, Derek Kirton) advised the lenders.

Sam Duke - Editor