GET FiT Mozambique is beginning to gain real traction, following a successful stakeholder workshop, which took place earlier this month with a turnout of 100 participants.
Most of the participants were international, regional and national IPPs. The IPPs represented all renewable energy technologies (solar, wind, hydro and biomass) and confirmed their interest to invest in Mozambique’s renewables sector.
Julia Crause, Director, KfW Mozambique, commented: “The general feedback is that the GET FiT approach is a very good tool to address their needs and reduce investment risks. The Government has also shown strong commitment with the Vice-Minister of the Ministry of Mineral Resources and Energy present and fully supportive of GET FiT. The national utility, Eletricidade de Moçambique, is also on board.”
GET FiT Programme
In order to create a platform for Mozambique to harness and capitalise on its largely untapped potential for renewable energy, and with technical assistance of KfW Development Bank, the government awarded the consulting service to CPCS in association with Lahmeyer, Couto, Graça & Associados and Consultec Consultores Asociados to conduct a study for a detailed design of the GET FiT Programme for Mozambique.
The study was conducted in April and his planned to be concluded in October 2018. Read more: Mozambique approves Integrated Master Plan for electricity infrastructure.
The GET FiT Programme will help Mozambique to diversify its energy mix and move production centres closer to load areas, serving as a catalyst for a more sustainable and reliable energy system.
A key aim of GET FiT Mozambique is to provide transitional support to unlock investment by reducing risks, improving the attractiveness of the investment environment, increasing institutional capacity, and building a track record of successfully implemented projects, while minimising costs for the country.
The proposed assignment seeks to:
- Develop a detailed design for the programme (based on country and context specific feedback);
- Identify attractive and feasible projects ripe for implementation;
- Create a conducive environment for private sector investment in RE by addressing key risks and transactional issues through the reinforcement of the legal framework and key transaction documents;
- Estimate costs and required budgetary support; and
- Develop a plan to put in place the institutional capacity required to carry the programme forward.
This article is edited by Babalwa Bungane from the original story published on the Green Building Africa website and is republished with permission.