Mozambique Approves Investment for Ethanol Plant
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Friday, 18 July 2008 |
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Mozambique has approved a $280 million project to produce ethanol from sugar cane, a cabinet spokesman said this week.
Luis Covane, also Mozambique's deputy Education and Culture
minister, told news agencies the project was expected to produce about
2.5 million tonnes of sugar cane each year, from which 213 million
litres of ethanol would be produced annually.
"Production will begin in 2012 and will generate 82.5 megawatts of
power and create 2,650 jobs and we have also allocated 18,000 hectares
of land to the implementing company, Mozambique Principle Energy, which
has Mauritian interests", Covane said.
He said 20 percent of the power output would be exported and the
remaining 80 percent had been earmarked for national use. "We
expect to generate an annual revenue of $57 million in 2011, another
$119 million the following year and $114 in 2013."
The project will be launched in Dombe district in the central Manica
province. In 2007, the government approved a $510 million biofuels
project in the southern Gaza province to produce 120 million litres of
ethanol by 2010.
The project, known as PROCANA, will also create 7,000 jobs and an
annual revenue of $40 million as of 2010. Complete construction of the
factory, by a Brazilian contractor, is expected to take three years.
Fuels International – PetrolWorld 160708
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