Mozambique’s energy sector is attracting significant investment, beyond its much discussed large offshore gas discoveries. Mozambique’s investment promotion centre reported the country as having approved 418 foreign investment projects worth US$1.363 billion in 2013. As industrialisation expands in the country, power projects worth an anticipated US$12 billion are understood to be in the pipeline.
Among these, ACWA Power Moatize Termoeléctrica, a consortium made up of Brazil’s Vale, Japan’s Mitsui, Saudi Arabia’s ACWA Power and Electricidade de Moçambique (EDM), has announced the development of a thermoelectric power station in Mozambique’s Tete province, with an estimated cost of US$1 billion.
In addition, the Japanese government is to grant Mozambique a loan of US$167 million to build a gas fired power station in Maputo. EDM estimates it needs to spend US$2 billion on its primary power transmission network.
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