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Saudi ACWA inks deal to build $1bn power plant in Mozambique

: Monday, March 17 - 2014 @ 10:35

Saudi-based ACWA Power has signed a concession agreement with the government of Mozambique for the construction of a coal-fired power station in Moatize district, in the western province of Tete, Saudi Gazette has reported. The power station, which will produce 300 megawatts in its first phase, will be built at the mouth of the gigantic open cast coal mine in Moatize, operated by the Brazilian company, Vale, ACWA said. The second phase will lift capacity to 600 megawatts. The concession is for 25 years, and the estimated investment is $1bn.

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Monday, March 17- 2014 @ 10:35 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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