Mozambique: Consortium Of EDF – TotalEnergies – Sumitomo Company To Develop 1,500 MW Hydropower Undertaking

The consortium of EDF (40%), TotalEnergies (30%) and Sumitomo Company (30%) proclaims that it has been chosen as strategic companion by the Authorities of Mozambique and entered right into a joint improvement settlement for the event of the Mphanda Nkuwa hydropower undertaking (MNK).

Situated on the Zambezi River, 60 kilometers downstream from Cahora Bassa and 60 kilometers from Tete Metropolis, MNK is at present foreseen as a 1,500 MW run-of-river hydropower undertaking, for which the consortium signed right this moment:

  • A joint improvement settlement with the Gabinete de Implementação do Projecto Hidroeléctrico de Mphanda Nkuwa (GMNK), Electricidade de Moçambique (EDM) and Hidroeléctrica de Cahora Bassa (HCB). EDM and HCB will personal 30% of the undertaking whereas the consortium will personal 70% of it.
  • A framework settlement with the Ministry of Mineral Assets and Vitality (MIREME), paving the way in which for the long run concession settlement. 

All through the event of the MNK undertaking, the consortium will leverage EDF’s in depth hydropower expertise and respected technical experience, TotalEnergies’ know-how in growing giant and complicated built-in power tasks worldwide, particularly in Africa, and Sumitomo’s world experiences in financing strategic IPP tasks, together with in Sub-Saharan Africa. 

The MNK undertaking would enhance Mozambique’s accessible electrical energy manufacturing capability by greater than 50% and will energy greater than 3 million households in Mozambique and the encircling area. It could assist selling financial and social development in Southern Africa and make a major contribution to the area’s power transition by offering dependable, aggressive, renewable electrical energy. 

The following improvement step will consist in performing extra research, which output will assist defining the perfect choices by way of environmental and social influence whereas making certain the technical and monetary viability of the undertaking. Supported by the African Growth Financial institution and the World Financial institution by means of IFC (Worldwide Finance Company), the undertaking will implement the very best worldwide requirements in environmental, social and governance standards. Specifically, the consortium will comply with rigorously the required steps and methodology in addition to work intently with all stakeholders previous to undertaking implementation. 

“TotalEnergies is delighted to have the ability to develop its presence in Mozambique past the Mozambique LNG undertaking with a big funding in renewable power, which can profit to the individuals of Mozambique. It’s a new instance of TotalEnergies’s capability to implement its multi-energy technique in oil & fuel nations to help them of their power transition”, stated Mike Sangster, SVP Africa and Vincent Stoquart, SVP Renewables at TotalEnergies.

“We’re trying ahead to contributing to Mphanda Nkuwa undertaking which is a superb alternative to carry our technical experience in hydropower and our robust environmental and social dedication in favor of native communities and biodiversity. This undertaking will considerably improve the entry to electrical energy within the area and is totally in step with EDF’s ambition to construct a internet zero power future with electrical energy and progressive options that drive financial improvement”, stated Béatrice Buffon EDF Group Senior Government Vice-President, Worldwide Division.

“We’re happy to get entangled the Mphanda Nkuwa Hydropower Undertaking. This undertaking will contribute to the rise of entry to electrical energy across the areas in addition to turning into a inexperienced power hub in southern African nations. Sumitomo Company focuses on reaching carbon neutrality in 2050. With a purpose to obtain this goal and contribute to the belief of a sustainable society, Sumitomo Company will additional endeavor to be a part of renewable power tasks”, stated Koichi Taniguchi, Company Officer, Normal Supervisor, International Energy Infrastructure Enterprise Division.


Posted

in

by