Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

ACWA Power consortium signs deal for Mozambique IPP project  Join our daily free Newsletter

MENAFN - Arab News - 15/03/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN -Arab News) the government of mozambique and a consortium led by acwa power signed a 25-year concession contract for the development of the moatize ipp project, a 300 mw (first phase) coal fired power project located at tete province, 1,500 km north of the mozambique capital maputo

Acwa power, lead developer, investor and operator of the project is joined by vale sa (vale), one of the largest mining companies in the world, and mitsui co. ltd., a global japanese trading house, as cosponsors of the project

In addition, the mozambican state owned utility, electricity de mozambique (edm), and local investor whatana investment group will enter as minority shareholders in the project

Moatize ipp is a green field independent power project (ipp) to be developed on a boot basis with a total investment cost of approximately 1.00 billion. it will be a pulverized fuel, subcritical coal fired power station

About 250 mw of the tal capacity of 300 mw will feed the largest coal mine in the world that vale mz is developing at this site with the remaining 50 mw supplied to edm, to feed the grid



The sponsors have selected international contractor gs engineering & construction from korea for the engineering, procurement and construction of the project, and acwa power's wholly owned subsidiary nomac will be responsible for the operation and maintenance of the plant

?signature on this concession agreement is a significant milestone for the moatize ipp project enabling us to complete the financing process and commence full scale construction.

Moatize ipp will significantly enhance acwa power's position as a rapidly expanding power developer in the southern cone of africa, one of our target markets and also help to diversify acwa power's fuel experience beyond oil, gas and solar to now coal,? said paddy padmanathan, president & ceo of acwa power.

 


Arab News




  MENA News Headlines
 Feb 27 2017 - Saudi- Agricultural Development Fund approves SR 110 Million LoansSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Jumada I 26, 1438, February 23, 2017, SPA -- The Board of Directors of Agricultural Development Fund approved in its meeting yesterday evening a number of loans ...

 Feb 27 2017 - Palestinians face intense online hate from IsraelisMENAFN
(MENAFN) Israel's 1.7 million Palestinian citizens are facing a tidal wave of incitement and hate speech on social media, including from government ministers, community leaders have warned.They say ...

 Feb 27 2017 - Egyptian court acquits one of Mubarak's closest aidesMENAFN
(MENAFN) A Cairo court has acquitted one of deposed Egyptian president Hosni Mubarak's closest aides in a retrial of a corruption case, state news agency MENA reported on Saturday.While courts have ...

 Feb 27 2017 - East Libyans protest against order curtailing travel abroadMENAFN
(MENAFN) An order preventing men and women ages 18-45 in eastern Libya from travelling abroad without first obtaining security clearances is being met with outrage.The regional military governor, ...

 Feb 27 2017 - White Helmets won't attend Oscars over passport problemMENAFN
(MENAFN) Rescue workers from Syria's White Helmets group, the subject of an Oscar-nominated documentary, will not attend this weekend's Academy Awards ceremony because of intensified government ...

 Feb 27 2017 - Syrian army advances against IS near AleppoMENAFN
(MENAFN) The Syrian army and its allies made a sudden advance on Saturday and Sunday into areas held by Islamic State in northwest Syria, a war monitor said, as the militant group retreated after ...

 Feb 27 2017 - Iraq forces aim for key bridge in western MosulMENAFN
(MENAFN) Iraqi forces battled militants in west Mosul Sunday, aiming to build a floating bridge across the Tigris to establish an important supply route linked to the recaptured east bank.A week into ...

 Feb 27 2017 - Emaar India gets Clearance Nod to handover The Palm DriveMENAFN Press
(MENAFN Editorial) Emaar India, the iconic brand and leading global property developer, today announced the receipt of Occupancy Certificate (OC) for the second phase of its premium luxury ...

 Feb 27 2017 - Egyptian MP begins campaign to extend presidential termsMENAFN
(MENAFN) An Egyptian MP started collecting signatures on Sunday for a motion to extend presidential terms and lift restrictions on re-election, a year before general-turned-president Abdel Fattah ...

 Feb 27 2017 - Morocco Begins Immediate Withdrawal from Guerguerat RegionMorocco World News
(MENAFN - Morocco World News) var td_screen_width = document.body.clientWidth; if ( td_screen_width >= 1024 ) { /* large monitors */ document.write(' data-ad-client="ca-pub-9546318280945074" ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help