The Tete is a part of the Zambezi River watershed
Picture: Martha Evans, Wikimedia Commons
Ncondezi Vitality disclosed that it has acquired 950 hectares of land in Tete, Mozambique, to construct a 300 MW solar-plus-storage venture.
It additionally signed an settlement with India-based Synergy Consulting to get assist in negotiations with venture lenders for debt financing, finalize key agreements and energy tariffs with potential offtakers, and lift within the capital.
“After confirming the superb photo voltaic sources at our most well-liked location on the Photo voltaic Undertaking web site in Tete Mozambique, we’ve enhanced our current unique land use rights,” stated Ncondezi Vitality CEO Hanno Pengilly. “This can be a essential approval requirement for the venture, reflecting sturdy native assist and the accelerated course of we’ve applied since asserting the optimistic feasibility research final October.”
The 300 MW venture shall be in-built two phases. For the primary 100 MW part, the corporate will use the prevailing infrastructure. It plans new infrastructure for the remaining 200 MW.
“The approval of the Photo voltaic Undertaking Transmission Integration Research represents a major improvement in de-risking the venture for potential energy off-takers and traders,” stated Pengilly. “We now have an authorised transmission evacuation technical answer that helps tasks of assorted sizes as much as 300 MW, optimized in phases to scale back upfront capex, particularly within the first 100 MW.”
Ncondezi Vitality can be growing a 300 MW coal-fired energy plant and a mine improvement venture within the Tete area.
Photo voltaic installations in Mozambique stand at solely 55 MW by the tip of 2021, in response to the Worldwide Renewable Vitality Company (IRENA). Nonetheless, a number of main tasks are at present below improvement. The general electrical energy entry price within the nation is estimated to be round 30% in 2019.
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