Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
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 gas for domestic use at an estimated value of US $400mn/COURTESY

Government

Mozambique and Great Lakes Africa Energy sign MOU on power generation

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 gas for domestic use at an estimated value of US $400mn/COURTESY

NAIROBI, Kenya, May 22 – The Government of Mozambique has signed a Memorandum of Understanding (MoU) with Great Lakes Africa Energy (GLAE) to generate electric power using natural gas for 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 gas supplies 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, 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.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Headlines

NAIROBI, Kenya, Mar 16 – The World Bank has given the Kenyan government USD 60 Million (Sh6.1 billion) to help combat the deadly coronavirus pandemic...