IFC agrees to participate in Mozambique’s first solar Independent Power Producer

Mozambique is preparing to develop its first solar photovoltaic (PV) power plant funded by a consortium of financiers. In a private debt deal, the IFC and Emerging Africa Infrastructure Fund (EAIF) are behind a $55 million financing package for the development of a 40.5MW solar photovoltaic plant near Mocuba in Northern Mozambique. Of the $55 million, $19 million is being provided from the IFC’s own account, $19 million being provided by Climate Investment Funds and up to $17 million being provided by EAIF. [ESI Africa]

 

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