The Kuvaninga Energia transaction involves a 40 MW ten engine gas-fired power plant, situated on a five hectare site near the town of Chokwe in Mozambique. It also includes a 27 km, 110 kV transmission line to transport power from the plant to the Lionde substation, the nearest interconnection point on the local electricity supply grid. Enventure has co-developed the $82 million project alongside Investec Bank, which will involve the construction and ongoing maintenance of the plant.
Financial close was reached on November 30, 2013, with the construction period running until early 2015, at which point the plant will be fully operational.
Operis undertook a formal model audit, including a complete review of the model’s tax and accounting treatments.
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Further information on Operis:
Operis is a leading advisor in project and infrastructure finance, renowned for its financial modelling and model auditing expertise and financial structuring advice. The firm has been mandated by the leading investment banks, infrastructure funds, bond arrangers and guarantor bodies around the world. This experience covers over 700 projects and other funded transactions worldwide.
Contact:
Paul Myers – Managing Director
+44 (0)20 7562 0400
