news - 24 June 2014

Investment bank Eaglestone advises on US$200 million gas fired power station in Mozambique

Eaglestone acted as financial adviser to Gigawatt Moçambique SA on its 100-megawatt (MW) gas fired power station project in Mozambique.

The Project was developed by a local Mozambique company, Gigawatt, which holds a gas power generation concession from the Mozambique Government that has been sub-conceded, since 2012, for temporary power to Mozambique, South Africa and Namibia.

The project will cost approximately US$200 million, and is one of the first and largest gas fired power station project financings in Mozambique and a major milestone for independent power generation in the country.