NEWS & MEDIA

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. The plant, situated just outside the border town of Ressano Garcia in Mozambique, will source fuel from an existing natural gas supply pipeline under a long term fuel supply agreement. A Concession Agreement for the project was signed in December 2010 and is expected to start construction in January 2012 with operations scheduled to start mid-2013.

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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.

For the construction of the new plant the company “Gigawatt-Mozambique”, owner of the project, is investing about 230 million U.S. dollars to generate 100 megawatts of electricity as from 2013.

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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.

According to TPM interim chairman of the board, Silvestre Constantino, the vehicles will operate across the cities of Maputo and Matola, as well as the districts of Boane and Marracuene.

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On Wednesday 1 June 2011, Mozambique celebrated the International Day of the Child.

As part of its social responsibility, Matola Gas Company was proudly involved in this very important occassion by supporting the Escola Matola Prim├íria Unidade ‘H’, which is in a very poor environment with many of its students unable to afford any luxuries and the school operates on sponsorships as there are no school fees.

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