Globeleq and Source Energia, the two companies that make up the shareholder structure of the Namaacha Wind Power Plant (CEN), have just been granted permission to concession Mozambique’s first wind power plant, located in Namaacha, Maputo province, for a period of 28 years. The project is valued at 270 million dollars (17 billion meticals).
According to a decree issued by the Council of Ministers on 9 August, it is a public-private partnership, which provides for the generation and sale of the electricity produced at the plant to the national electricity grid.
The same document authorises the participation of state-owned Electricidade de Moçambique (EDM) in the concessionaire’s shareholder structure, with a 5% share, ‘on behalf of the state’.
‘Construction of this wind farm is due to start in the second half of this year and will allow, during the concession period, for an increase in Mozambique’s installed electricity production capacity and security of supply and, at the same time, diversification of the sources used in energy production,’ he said.
Specifically, of the total amount, 230 million dollars (14.5 billion meticals) will go towards building the wind farm and the remaining 40 million dollars (2.5 billion meticals) towards building a 40 kilometre electricity transmission line between the districts of Namaacha and Boane.
‘Construction of this wind power plant is due to start in the second half of this year and will allow, during the concession period, an increase in Mozambique’s installed electricity production capacity and security of supply and, at the same time, diversification of the sources used in energy production’
‘This project will make it possible to create jobs and provide training for local communities and also contribute to the country’s economic development by generating tax revenue for the state,’ the decree emphasised.
‘The project, which is expected to be completed in two years, is a milestone for the country’s energy sector and reflects Mozambique’s potential in harnessing renewable energies, contributing to the sustainability and resilience of the national electricity grid,’ it said.
CEN is owned by Globeleq Africa Ltd and Source Energia.
Globeleq, founded in 2002, is a company with extensive experience in developing and implementing energy projects in Africa.
It currently has operational assets in Tanzania, Ivory Coast, South Africa, Cameroon and Kenya. Jointly owned by the CDC plc Group (70 per cent) and Norfund (30 per cent) (UK and Norwegian development finance institutions), Globeleq is focused exclusively on Africa and has experience in the development and operation of wind, solar, oil and natural gas power generation, continuing to develop renewable and conventional projects across the continent.
Source Energia, founded in 2018, is a diversified renewable energy platform focused on the development, management, operation and maintenance of large- and small-scale on- and off-grid projects in Lusophone Africa.
