Mozambique: Renewable Energy

(asked on 9th December 2022) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, with reference to the involvement of British International Investment and Globeleq in Central Térmica de Temane (CTT), what assessment he has made of the price the Mozambique state utility company EDM will pay for power from CTT.


Answered by
Andrew Mitchell Portrait
Andrew Mitchell
Minister of State (Foreign, Commonwealth and Development Office) (Minister for Development)
This question was answered on 19th December 2022

The Temane gas project is a project developed and invested in by Globeleq, an experienced developer of power projects across Africa, of which British International Investment is the majority shareholder.

Prior to investing in Temane, Globeleq undertook due diligence and an evaluation of the commercial terms negotiated and agreed with the state-owned company 'Source Energia and Electricidade de Moçambique' (EDM). The power purchase agreement signed between the project company and EDM is commercially confidential.

Reticulating Splines