Aggreko plc (AGK.L) a provider of temporary power and temperature control solutions, Thursday said it has signed Tri-Party Power Purchase Agreements with Electricidade de Moçambique , the Mozambique power utility and NamPower, the Namibian power utility, to provide 122 MW of gas-fuelled power from the Aggreko interim power plant located at Gigawatt Park at Ressano Garcia, Mozambique.
Aggreko added that the agreement follows the authorization by EDM for the direct supply of power by Aggreko to NamPower and will see the installed capacity of 122 MW split between the two utilities with EDM utilising up to 32 MW and NamPower up to 90 MW, based on the specific needs of both utilities.
The new 122 MW plant is scheduled to go into production in the second quarter of 2013 and is expected to supply power for a minimum of two years with the total project valued at over $200 million, including fuel costs, said Aggreko.
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