Ncondezi Power disclosed that it has acquired 950 hectares of land in Tete, Mozambique, to construct a 300 MW solar-plus-storage undertaking.
It additionally signed an settlement with India-based Synergy Consulting to get assist in negotiations with undertaking lenders for debt financing, finalize key agreements and energy tariffs with potential offtakers, and lift within the capital.
“After confirming the superb photo voltaic assets at our most well-liked location on the Photo voltaic Mission website in Tete Mozambique, now we have enhanced our present unique land use rights,” stated Ncondezi Power CEO Hanno Pengilly. “It is a crucial approval requirement for the undertaking, reflecting robust native assist and the accelerated course of now we have carried out since saying the constructive feasibility research final October.”
The 300 MW undertaking can be in-built two phases. For the primary 100 MW section, the corporate will use the present infrastructure. It plans new infrastructure for the remaining 200 MW.
“The approval of the Photo voltaic Mission Transmission Integration Research represents a big growth in de-risking the undertaking for potential energy off-takers and traders,” stated Pengilly. “We’ve an accredited transmission evacuation technical answer that helps tasks of varied sizes as much as 300 MW, optimized in phases to scale back upfront capex, particularly within the first 100 MW.”
Ncondezi Power can be creating a 300 MW coal-fired energy plant and a mine growth undertaking within the Tete area.
Photo voltaic installations in Mozambique stand at solely 55 MW by the top of 2021, in accordance with the Worldwide Renewable Power Company (IRENA). Nevertheless, a number of main tasks are at the moment beneath growth. The general electrical energy entry fee within the nation is estimated to be round 30% in 2019.
This content material is protected by copyright and might not be reused. If you wish to cooperate with us and need to reuse a few of our content material, please contact: email@example.com.