Mocuba Solar (IFC-36787)

  • Mozambique
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 27, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Mocuba Solar PV
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 42.20 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 84.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 26, 2019

Disclosed by Bank Jan 21, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Central Solar de Mocuba (the "project" or "the company") consists of the design, construction and operation of a 40MW solar photovoltaic (PV) power plant in Mocuba, in the Zambezia Province in Central Mozambique. The total project cost is estimated at US$84m. IFC's proposed investment consists of an A loan of up to US$21 million and a B Loan of up to US$21.2 million from the Emerging Africa Investment Fund. The project sponsors are - Scatec Solar (52.5%), a Norwegian solar power company; Norfund (22.5%), the Norwegian Investment Fund for Developing Countries; and Electricidade de Mozambique (EDM, 25%), Mozambique's state-owned public power utility. The project will be financed through a special purpose vehicle (SPV) created for the project and IFC's funds will be routed through this SPV. The project will sell 100% of its output to EDM under a 25-year power purchase agreement.The power plant will be built on a 126-hectare (ha) plot near the existing EDM substation in Mocuba, 13 km from the center of the city of Mocuba, in the Zambezia Province, Mozambique. The proposed site is located in the Special Economic Zone of Mocuba (Zona Economica Especial de Mocuba). The District of Mocuba is characterized by slightly undulating rolling hills with rocky summits and Mocuba is part of the erosion plain of Zambezia. The project area is located on a relatively flat area and is mostly underlain by rocks. The project site is located within the Licungo River basin; the nearest point from the project perimeter is about 2.5 km from the eastern bank of the Licungo River. The Egaro River is closer to the project area and is located directly adjacent to the site towards the east.The project site was previously used for subsistence farming and the surrounding land use includes a mixture of agricultural land and uncultivated land. The project will include a 500-1000m 33kV transmission line to the Mocuba substation and the construction of a 500-1000m gravel road to connect the project site to the main road (R479).The solar power plant will compose of panels of polycrystalline PV modules, suitable for 1,500V PV system applications. It is expected that there will be 32 modules per string; each PV module's power rating will be 320Wp and the number of strings will be 3952 (equaling a total number of modules of 126,464). The PV modules will be mounted using a steel substructure embedded in the ground. The total amount of AC installed power will be 30MW and total DC power will be approximately 40MW. The plant will occupy approximately 70 ha of the 126 ha site.Central Solar de Mocuba (CESOM) has assigned Scatec Solar as the engineering, procurement and construction (EPC) contractor as well as the operations and maintenance (O&M) contractor. As at the time of IFC's visit in November 2015, construction had not started but de-mining operations and geotechnical surveys were being carried out. The construction phase is expected to take nine months; commissioning is expected to be in December 2016 with plant take-over expected in February 2017.


Investment Description
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Contact Information
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Contact Person: Roberto Berardo
Company Name: Scatec Solar
Address: Unit 109B , The Foundry, 75 Prestwich Street, Green Point, Cape Town 8005
Phone: +27 (0) 823106233
Facsimile: +27 86 560 3828

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

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