Mozambique gas plant under construction

Mozambique has commenced building a $180m gas-fired power plant expected to add 106 MW of electricity to the national grid.

State-owned Electricity of Mozambique chairman Mateus Magala said the plant would be mostly funded by the Japanese Agency for International Development, through a $167m loan payable over 40 years at an annual interest rate of 0.01 percent.

The plant is expected to be operational by August 2018.


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