Indian firm gets go-ahead for $3b Mozambique plant

By Bizclik Editor

India's Jindal Steel & Power have been given the go-ahead to build a 2,640 megawatt coal-fired power plant in Mozambique.

 

The plant will be built in Tete, a northern province of the country, renown for having some of the planet' largest untapped coal reserves.

 

The plant, expected to cost $3 billion, is due to start operating in 2015, the energy ministry said, with power to be sold in Mozambique and across southern Africa.

 

Mozambique already exports power to neighbouring countries Zimbabwe and South Africa, which struggle to meet fast-rising demand.

 

 

Read more from the WDM content network:

Attracting and keeping online shoppers in Africa

Africa's highest paid sports stars

Setting the standard for corporate sponsorship

Technology giant Siemens re-organises to excel in African industry sector

 

To read the latest issue of African Business Review, click here

 

Tete has attracted lots of foreign investment due with miners such as Vale and Rio Tinto developing coal fields left untouched since the end of the civil war almost two decades ago.

 

A 1,500 MW hydro-power project is also to be built in the country involving a consortium consisting of Brazilian conglomerate Camargo Correa, Mozambican investment company Insitec Group and state electricity firm EDM.

 

African Business Review is now available on the iPad. Click here to download it.

Share
Share

Featured Articles

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy