Standard Bank has been appointed as the lead arranger and underwriter to provide debt for the construction of a 100MW natural gas fuelled power station.
Mozambican Prime Minister, Aires Ali, on Friday laid the first stone for the construction of a new gas-fired power station in the district of Ressano Garcia, in the border with South Africa.
The first batch of 50 TATA CNG-powered vehicles manufactured by the Indian company is already operational in Maputo across the mass transit service (TPM) routes. A total of 150 buses have been ordered and the rest of the additional units will be fully operational by the end of August 2011.
