CTRG reaches financial close with lenders

Mozambique-based Central Térmica de Ressano Garcia (CTRG), a joint venture between Sasol Energy and Electricidade de Moçambique (EDM) has reached financial close on a $189-million project finance transaction with its lenders. CTRG, in which EDM holds a 51% stake and Sasol Energy the balance, operates a 175 MW gas-fired independent power producer plant, comprising 18 Wartsila gas engines.