MOZAMBIQUE AND GREAT LAKES AFRICA ENERGY SIGN MoU
FOR DOMESTIC USE OF THE ROVUMA BASIN NATURAL GAS RESERVES FOR POWER GENERATION
21/05…The Government of Mozambique has signed a Memorandum of Understanding (MoU) with Great Lakes Africa Energy (GLAE) to generate electric power using natural gasfor domestic use at an estimated value of US $400million.
The agreement signed last Friday in Maputo, Mozambique with GLAE, a United Kingdom registered Pan African energy solutions provider, will involve the construction of a 250 megawatt gas fired electricity generating power plant.
As part of the agreement, GLAE will develop, finance, build, own and operate the power plant to be fed with natural gassupplies from Mozambique’s Rovuma Basin.
The MoU agreement was signed by Mozambique’s Minister for Mineral Resources and Energy, Dr. Max Elias Tonela, and GLAE Director, Mr. Michael Kearns.
The agreement follows the result of Mozambique’s Rovuma Basin domestic gas tender, the results of which were announced in January 2017.
Michael Kearns of GLAE said: “As part of the Mozambique Government’s intended use of natural gas for the development of domestic power projects, GLAE will develop, finance, build, own and operate a 250 megawatt (MW) gas-fired electric generating power plant, planned in Northern Mozambique.”
Mozambique, which has vast offshore gas resources, has decided to use some portion of the extracted gas for domestic power projects, with an aim of achieving a sustainable economic growth, including domestic energy production.
Speaking on behalf of the Government of Mozambique, Bruno Senguaio, Assistant to the Minister, said: “Mozambique has considerable renewable and conventional energy resources and is fast becoming a significant energy producer. Our Government’s chief priority is to ensure a secure and reliable energy supply for the people of Mozambique. This is why the project is so important. In GLAE we have found a reliable partner which will help us deliver this power plant.”
The power plant in Northern Mozambique is a key regional infrastructure project. It will accelerate the development and industrialization of several other industrial projects, which have been shelved due to the lack of a steady power supply. At 250MW, GLAE’s Northern Mozambique gas fired power plant will be one of the largest conventional sources of electricity in the country.
--- Ends ----
Picture Caption
Mozambique Minister for Mineral Resources and Energy Dr.Max Elias Tonela(left) confers with Great Lakes Africa Energy (GLAE) Shareholder, Humphrey Kariuki (centre) and GLAE Director, Mr. Michael Kearns (right) at an MoU signing ceremony in Maputo, Mozambique.The Government of Mozambique has signed a Memorandum of Understanding (MoU) with Great Lakes Africa Energy (GLAE) to generate electric power using natural gasfor domestic use at an estimated value of US $400million.
About Great Lakes Africa Energy
Great Lakes Africa Energy Limited is a UK registered company that is investing in energy solutions in the Great Lakes and Southern Africa regions. GLAE’s vision is to be the total energy solutions provider of choice for the Great Lakes and Southern Africa and remain a leader in innovation and sustainability. Our corporate mission is firmly focused on powering the Great Lakes and Southern Africa region by developing and managing state-of-the-art power projects generated from the most efficient local sources of energy. Great Lakes Africa Energy (UK) owns and operates a 105MW power plant in in the Zambia’s copper belt town of Ndola, under Ndola Energy Company Limited (NECL). The company has a power purchase agreement with the Zambia Electricity Supply Corporation (ZESCO). This power is fed directly into the Zambian national grid.