South Korea provides Mozambique with loan to build solar power plants

The Export Import Bank of South Korea (Exim Bank) has granted Mozambique a loan of US$35 million, which will be used to fund construction of three solar power plants, a source from Mozambique’s National Energy Fund (Funae) told Macauhub in Maputo.

For its construction Funae Monday launched a public tender stipulating that only candidates with specific experience may apply and set out the conditions that only candidate companies that have been involved in similar construction projects or that have managed solar power plants in the last five years may apply.

Proposals can be put forward to the National Energy Fund until 17 October, 2012.