SAUDI ARABIA

 

Saudi Power Firm In $1Bn Mozambique Investment

 

Saudi private firm ACWA Power has signed a 25-year concession with Mozambique to develop a 300MW coal-fired power plant at Moatize in Tete province. The plant will be built alongside a coal mine operated by Brazil’s Vale, supplying 250MW to power mining operations and the remainder to the local grid.

The plant will be developed on a build, own, operate and transfer (BOOT) basis by ACWA and independent power...