US supports Mozambique’s energy projects with $200 M loan
Mozambique: The US Government has participated in the ground-breaking of the Central Termica de Temane (CTT) and Temane Transmission Project (TTP) in Mozambique.
Source: U.S. Embassy of Mozambique
Mozambique: The US Government has participated in the ground-breaking of the Central Termica de Temane (CTT) and Temane Transmission Project (TTP) in Mozambique.
These two energy projects will help strengthen energy security, boost access to affordable energy and support the country’s contributions to the regional power market.
The US Government provided support to both projects through the United States Agency for International Development (USAID) and the US International Development Finance Corporation (DFC). Upon completion, the 450 MW CTT plant will deliver much-needed electricity from the northern part of Inhambane Province to the more populous south via the 563 km TTP transmission line.
“The US Government, the Government of Mozambique and other partners worked closely to get us here today, breaking ground on a project that supports Mozambique in its goal to provide every citizen with access to electricity by 2030,” said Chargé d’Affaires of the US Embassy to Mozambique Abigail Dressel.
The US International Development Finance Corporation will provide up to $200 M in a direct loan to CTT, a public-private partnership between Electricidade de Mozambique (EDM), Globeleq and Sasol Africa. The loan will help support the design, construction and eventual operation of the Temane gas-fired power station, which will bring low-cost baseload energy online at 36 % below EDM’s current average cost of power. It will also diversify Mozambique’s energy mix, currently heavily reliant on hydroelectric power.
Source: U.S. Embassy of Mozambique
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