Eight groups prequalified for Mozambique hydropower project
Eight international groups have been prequalified by Mozambique’s Ministry of Mineral Resources and Energy (MIREME) to participate in the tender for the planned 1,500MW Mphanda Nkuwa Hydropower Project
Eight international groups have been prequalified by Mozambique’s Ministry of Mineral Resources and Energy (MIREME) to participate in the tender for the planned 1,500MW Mphanda Nkuwa Hydropower Project.
MIREME is being represented by Gabinete de Implentacao do Projecto Hirdoelectrico de Mphanda Nkuwa (GMNK) for the hydropower scheme.
The following eight groups have been prequalified for the project (principal members are listed first in each group with consortium members second):
- ETC Holdings (Mauritius)/ ZESCO (Zimbabwe)
- Longyuan Power Overseas (China)/ Dadu River Hydropower Development Company & China Energy International Group
- PowerChina Resources
- WeBuild Group (Italy)/ ZESA (Zimbabwe)
- Scatec (Norway)
- Sumitomo Coporation (Japan)
- EDF (France)
- Kansai Electric Power Company (Japan)
Synergy Consulting is the transaction advisor (TA) for the client, with Worley and Baker Mckenzie providing technical and legal advisory services respectively. HRA Advogados is acting as the local legal adviser.
The government entities are conducting a competitive tendering process to select a strategic partner to develop the project, which will be located on the Zambezi river, 60km from the Cahora Bassa Dam.
Under the proposed structure, the strategic partner is expected to be the majority shareholder developing the project, with government entities Electricidade de Mozambique (EDM) and Hidoelectrica de Cahora Bassa (HCB) owning the remaining stakes.
The project company will sign an offtake agreement under a long-term power purchase agreement (PPA) with EDM, along with direct and indirect offtake agreements with other potential offtakers in the region.
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