Scottish firm signs $250 million Southern Africa power plant deal
June 7 , 2012
Scottish firm Aggreko has signed a $250 million deal to provide a power plant to two countries in a joint venture with South African investment company Shanduka Group.
The two firms will supply a 107MW plant for Mozambique and South Africa, to be located on the two nations’ border.
Aggreko is the first private company to supply power cross-border utilities in Southern Africa.
A Power Purchase Agreement (PPA) has been signed with South African power utility Eskom and PPA terms have been agreed with Mozambique’s Electricidade de Mocambique.
The plant is expected to start running by the third quarter of this year and supply baseload and peak power until July 2014.