Press Release: U.S. Trade and Development Agency
Allison Getty| (703) 875-4357
USTDA Acting Director Thomas R. Hardy (center, right) signs a grant with Diogo Vaz Guedes, Chairman and CEO of Kuikila Investments (center, left) at the African Growth and Opportunity Act Forum
LOMÉ, TOGO - Today, the U.S. Trade and Development Agency awarded a grant to Kuikila Investments, Lda., an independent power developer in Mozambique. The grant supports a feasibility study for a 78-megawatt mobile, gas-fired thermal power plant in the Chokwé District of Mozambique's Gaza Province.
Mozambique has the third-largest amount of proven natural gas reserves in Africa, and the sector presents tremendous export opportunities for U.S. industry. Kuikila selected Washington, D.C.-based Delphos International, Ltd., an independent financial services firm, to conduct the feasibility study. This project will meet Mozambique's power demand by developing and modernizing the country's generation and transmission infrastructure.
"USTDA's support will enable Mozambique to get domestic gas-fired power projects online expeditiously," said USTDA's Acting Director Thomas R. Hardy. "At the same time, the project creates opportunities for a significant amount of U.S. equipment exports. We are pleased to cooperate on this important initiative."
"Kuikila has been working with the Government of Mozambique for five years on various gas-fired thermal power plants supporting the country's development through reliable and affordable power," said Diogo Vaz Guedes, Chairman and CEO of Kuikila. "This grant represents an affirmation of our efforts. We are pleased to partner with USTDA and Delphos to accelerate the process of getting this project to financial close."
Acting Director Hardy signed the grant along with Mr. Vaz Guedes at the African Growth and Opportunity Act Forum in Lomé, Togo. At the ceremony, USTDA also announced support for an upcoming reverse trade mission that will highlight U.S. technologies in "fast power" (e.g., mobile generation) projects for African delegates this fall.